Michael Kors owner Capri's finance head jumps ship to Macy's

April 1 (Reuters) - Capri Holdings' (CPRI.N), opens new tab finance and operations head, Thomas Edwards, will leave the U.S. luxury holding company to assume similar roles at department store chain Macy's (M.N), opens new tab.

At Macy's, Edwards, who will join in June, will help strengthen CEO Tony Spring's years-long turnaround efforts, which have focused on cost cutting and boosting luxury sales.

The change comes as Capri looks to rebuild its business following the demise of its $8.5 billion deal with Tapestry (TPR.N), opens new tab and reports of Italian luxury group Prada (1913.F), opens new tab moving closer to a deal for its Versace brand.

Shares of Macy's, which reiterated its first-quarter sales and profit forecasts, rose nearly 3% in early trading. Capri's shares fell 1%.

In March, Capri said Donatella Versace would step down as the main designer for Versace after almost three decades, further fuel...
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