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The Capri Holdings Foundation for the Advancement of Diversity in Fashion was just recently established this year and is part of the company's $20 million pledge to advance equality within the fashion industry.

“Our brands are deeply committed to helping students of all backgrounds have greater educational opportunities and real-world experiences. These scholarships aren’t just designed to ease students’ financial pressures, they are also part of a larger effort to help remove systemic roadblocks and increase opportunities for racially and ethnically diverse students within the fashion industry,” said John D. Idol, Chairman and Chief Executive Officer of Capri Holdings.

Versace (Photo: Business Wire)

“Thank you to Capri Holdings for this opportunity that is being afforded to Howard University students. The fashion design program was initiated in the Fall of 2011 with the goal of preparing the next generation of artist-scholars and designers for careers in fashion design and related industries. While our interdisciplinary program focuses specifically on critical elements of forecasting, production, evaluation, branding, and sustainability of textiles, apparel, and home furnishings in a global marketplace, we are committed to nurturing socially conscious leaders who can visually and verbally articulate their ideas and compete locally, nationally, and globally. Without a doubt, our partners are essential in our efforts to meet the needs of the students as well as industry demands,” said Phylicia Rashad, Dean of the Chadwick A. Boseman College of Fine Arts at Howard University.

Jimmy Choo (Photo: Business Wire)

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According to a statement by D'Wayne Edwards, Founder of PENSOLE Academy, “I am truly humbled that the Capri Holdings Foundation believes in our vision to diversify the industry by making it more accessible for those who may have never imagined that they could pursue design as a career. This partnership will inspire thousands of consumers to become creators and will bring forth future leaders that will redefine our industry. Thank you, Capri Holdings Foundation, for providing our students the opportunity to redesign their lives.”

About Capri Holdings Limited

Capri Holdings Limited is a global fashion luxury group, consisting of iconic brands that are industry leaders in design, style and craftsmanship. Its brands cover the full spectrum of fashion luxury categories including women’s and men’s accessories, footwear and ready-to-wear as well as wearable technology, watches, jewelry, eyewear and a full line of fragrance products. The Company’s goal is to continue to extend the global reach of its brands while ensuring that they maintain their independence and exclusive DNA. Capri Holdings Limited is publicly listed on the New York Stock Exchange under the ticker CPRI.

Information originally sourced from BusinessWire.