One of the world's most lucrative designer brands has appointed a new head to drive growth in the Asia Pacific region - and yes, that includes Australia.
Michael Kors has appointed Stephane Lafay to the newly created role of president of Asia.
He will report to John D. Idol, the company's chairman and chief executive officer.
Idol said Lafay’s appointment, effective July 28th, 2014, reflects the brand’s powerful momentum in the region and its sustained focus on growth.
"This is a pivotal moment for the brand as we continue to invest and work to build a strategic roadmap for the Asia region.
"In the past two years we’ve been able to double our store count to over 100 locations in the region.
"Stephane’s experience and leadership will help enable us to capitalize on our momentum in the region.
"Stephane has a long history of building luxury businesses in Asia. His skills and experience will be a tremendous asset for us going forward."
Local representatives confirmed he will also oversee the Australian market.
Lafay was most recently at Tiffany & Co., where he held the position of senior vice president, AsiaPacific and Japan.
Prior to his five-year tenure at Tiffany & Co., Lafay was president of Bulgari Japan from 2004 to 2009.
He served as general manager of parfums Nina Ricci Japon for the Puig Group from 2001 to 2003.
Lafay said Michael Kors has huge potential in the Asian market.
"Having worked in Asia for 25 years, and spent nearly two decades building brands in the region, it’s clear to me that there is enormous opportunity for Michael Kors there.
"I look forward to being part of the team that turns this potential into reality."