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

    2011/12/16 11:11:00 10

    Clothing Brand Listing

    U.S.A

    luxury brand

    Michael Kors will land on the New York Stock Exchange on December 15th (Thursday) to trade with the code "KORS".

    According to foreign media reports, Michael Kors's stock sales were better than expected in its initial offering on Wednesday night.

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


    Michael Kor is headquartered in Hongkong, and has a history of 30 years.

    clothing

    Brand.

    According to the company

    list

    The company's business is now in 74 countries, including accessories, clothing, shoes and so on, mainly in high-end shopping malls such as Saks Fifth Avenue and Harrods and its own stores.


    The company's business is mainly divided into three parts: retail, department store retail stores (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 standpoint of single store revenue, as of the first 6 months of October 1, 2011, the retail sales of Michael Kors retail outlets were $1 million 258 thousand, an increase of 26.13% compared with the same period last year, while 203 retail outlets contributed 255 million dollars in revenue, up 82.88% over the same period last year, while the department store's single store revenue was 113 thousand dollars, while 2350 department stores contributed 235 million dollars, up by 44.87% over the same period last year.


    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.

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