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The US Clothing Brand Michael&Nbsp; Kors Will Be Listed On The NYSE Tonight.

2011/12/16 9:40:00 27

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Listing Of American Clothing Brands

The US luxury brand Michael Kors will visit the NYSE on December 15th (Thursday) and trade with the code "KORS".

According to foreign media reports, on Wednesday night's first offering, Michael Kors

Sales are better than expected.

The IPO price and volume of the New York Stock Exchange were higher than expected.

Michael Kor, headquartered in Hongkong, is a clothing brand with a history of 30 years.

According to the company's listed documents, the company's business has now covered 74 countries, including accessories, clothing, shoes and other series, mainly in Saks Fifth Avenue and Harrods and other high-end shopping malls and the company's own stores.

The company's business is mainly divided into three parts: retail,

Department store

Retail counters (as suppliers to shopping malls and stores) and authorization.

Retail sales and wholesale revenues were mainly $255 million and $264 million in the first 6 months of October 1, 2011, and authorized only $28 million 450 thousand.

Michael Kors retail stores are divided into Full price retail stores and discount stores (Outlet stores). As of October 1, 2011, there were 132 and 71 respectively, representing an increase of 41.9% and 51.10% respectively.

In China, the company currently has a store in Hongkong, Shanghai, Tianjin and Suzhou.

From the single store revenue situation, as of the first 6 months of October 1, 2011, Michael Kors retail store's single store revenue was $1 million 258 thousand, an increase of 26.13% over the same period, and 203 retail outlets contributed 255 million.

dollar

Revenue, up 82.88% year-on-year, and department store stores single store revenue of $113 thousand, 2350 department store stores contributed 235 million dollars, a year-on-year increase of 44.87%.

The company achieved a total revenue of $803 million in the 2011 fiscal year ended April 2nd, an increase of 58% over the same period last year, and global same store sales increased 48% over the 2010 fiscal year.

In the first 6 months of the fiscal year, as of October 1st, the company's total revenue grew by 61% to $549 million and its same store sales increased by 42%.

In the 2011 fiscal year, net profit increased 85% to 73 million dollars compared with the 2010 fiscal year, and net profit doubled to 65 million US dollars in the 6 months of the fiscal year.

The company set the issue price of 47 million 200 thousand shares of IPO to $20 per share, compared with the previous planned volume of the company (41 million 700 thousand), which exceeded 5 million 500 thousand shares, after which the planned price was 17 to 19 US dollars per share.

The IPO plan raised 11 million 100 thousand dollars, accounting for 8.1% of the company's shares.

The brand designer, Michael Kors, worked at Lothar 's' on 57 street, then was excavated by Dawn Mello, then launched her own design series and launched its first fashion show in 1984.

His clothing business was almost bankrupt in 90s, but gradually gradually raised the brand recovery by raising funds from private investors.

In 2003, Stroll and Chou bought the company and helped the company expand.

The listing agreement also stipulates that Michael Kors will always work in the company until there are any external causes such as death and illness.

The minimum wage for Michael Kors is $2 million 500 thousand, while CEO Idol will remain in office until March 31, 2015.