Michael&Nbsp; Kors Officially Entered Wall Street.

2011/12/20 13:54:00 26

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Michael Kors shares in New York on Thursday

market

According to the bell, the KORS stock will be issued.

Partners Silas Chou, Lawrence Stroll, brand CEO John Idol, CFO Joseph Parsons and so on all appeared in the New York stock market, and the mother of Michael Michael participated in the ceremony.

At the beginning of the session, the stock named KORS rose to $25 per share. The closing price on Thursday was $24.2, and the value of $42 million 300 thousand was traded. It is estimated that KORS will raise 3 billion 820 million dollars.

Michael Kors is not easy to go all the way. He started business 30 years ago, almost bankrupt in 90s, and raised 100 million dollars in 2003 by selling to Chou and Stroll.

The shares sold this week cost 47 million 200 thousand dollars, which means 944000000 dollars in the stock market.

Michael Kors has already sold 1/3 of its shares.

value

117000000 dollars, Stroll and Chou sold 519000000 dollars worth of shares.

The reputation of Michael Kors has risen in recent years. It has been recognized by many people as a referee on reality TV Project Runway.

In 1999, he won the annual Designer Award of the American Fashion Designers Association. He won the men's wear designer award in 2003 and the lifetime achievement award in 2010.

Michael Kors brand's future development plan is

again

Planning wholesale mode to gain greater profits.

In 2011, the total revenue of Kors brand increased by 58.1% to $803300000, and net income increased by 84.7% to $72500000.

In recent years, the brand has shifted its focus to the accessories series, which has grown at a rate of 57.6% over the past three years. The company has two main lines, Michael Kors and Michael Michael Kors accessories series.