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Michael Kors Shareholders to Offer 25 Million Shares

پنج‌شنبه 29 فروردین‌ماه سال 1392 ساعت 07:45 ق.ظ
Michael michaelkorsbagmk.com Kors Holdings Ltd. (KORS) said certain stockholders plan to offer 25 million shares, as investors look to cash in following a recent run-up of the specialty retailer's shares. Among the selling shareholders, Hong Kong private-equity firm Sportswear Holdings Ltd. will sell about 20 million shares, reducing its current 15.6% ownership stake to 5 .8%, according to a filing with the Securities and Exchange Commission. Michael Kors, the company's honorary chairman and chief creative officer, will offer three million shares, lowering his current 3.9% stake to 2.4%. The company had about 200.3 million ordinary shares outstanding as of Feb. 13, according to the filing. Michael Kors's stock has been on a run of late, climbing 55% over the past 12 months. The shares have jumped 15% this month alone, amid the company's latest blockbuster results. Last week, the company reported its fiscal third-quarter earnings surged as it continued to see strong demand for its high-end merchandise and continued opening stores. Earnings and revenue beat expectations and Michael Kors raised its fiscal-year guidance. The company, which went public in December 2011, sells handbags, clothing, footwear and other apparel and accessories through shops-within-shops in luxury department stores and its own company-operated Michael Kors Factory Outlet shops. Shares were off 2.8% to $63.03 after hours Tuesday.

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Michael Kors Sells Another $185 Million of His Stock

پنج‌شنبه 29 فروردین‌ماه سال 1392 ساعت 07:44 ق.ظ
Michael Kors, the famed designer, is www.michaelkorsbagmk.com padding his silk, well-cut pockets again. Getty ImagesSince taking his namesake public on the New York Stock Exchange in December 2011, Mr. Kors has already sold about 16 million shares, including in the IPO, and this week is selling at least 3 million more, drawing down his ownership and bringing in big gains along the way.The latest offering, with insiders selling a total of 25 million shares, was announced Tuesday evening, just after the shares closed at a new high of $64.84. It priced on Wednesday night at $61.50, not even a discount to that day’s close.Mr. Kors will now hold just 2.4% of shares, about 4 .85 million of them, and that could fall to as low as 2.2% if underwriters exercise their overallotment, according to a filing. Before the IPO, Mr. Kors held about 11.7% of all shares, over 22 million in total.And for the fourth time in four tries, Mr. Kors and the other selling shareholders have managed to sell their shares at a higher price that the previous offering. The latest sale wasdone at $53 in September, before thatit was $47 in Marchand before that the IPO was priced at $20.The funds the shareholders have reaped have been enormous. http://www.michaelkorsbagmk.com

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Michael Kors Owns the Internet, Deborah Needleman Apologizes for

پنج‌شنبه 29 فروردین‌ماه سال 1392 ساعت 07:44 ق.ظ
Ladies Michael Kors Factory Outlet love (cool) Michael Kors. The mega-designer and much-missed Project Runway judge beat out Marc Jacobs, Ralph Lauren, and Tory Burch as the most sought-after American fashion brand on the Internet. {WWD} How much cheddar do models actually make? And no–we aren’t talking Gisele. Hard facts this way… {Refinery29} Ok, now we are talking Gisele: Watch the supermodel mama look gorgeous and glowy as ever in this teaser for her new Chanel beauty campaign . {Grazia} Read it and weep, short-haired girls everywhere: Michelle Williams is growing out her pixie. {US Weekly} T Magazine’s new editor Deborah Needleman says she’ll try to include more people of color in future issues (there was one in her first), but what the hey? Good journalism is more important than ethnicities anyway! {NY Times} Doutzen Kroes looks perfect (as always) in pink cheeks and Prada on the cover of April’s Vogue Japan. {Fashion Gone Rogue} The Donald (Trump) gives a piece of his mind regarding that massive petition against his Macy’s business partnership. {WWD} Thanks for the memories, New York fashion week! Here are 100+ silly/endearingwarming backstage beauty snaps to bring you back. {Lucky} For the first time, Burberry is releasing a line of nail varnish! First up? Stone, Poppy Black, and Oxblood–the one used on the fall runway. {Fashionista Inbox} Could it be? Kim Kardashian in (gasp!) actual maternity wear? {HuffPo} Start saving up those pence! Here are 20 bags from London fashion week you’re really gonna want. {PopSugar Fashion} Tragedy: Behati Prinsloo and Adam Levine might be on the rocks because he took his mom to the Grammys. {NY Post} Here’s a handbag that charges your cellie on the go. Genius. {SheFinds} http://www.michaelkorsbagmk.com/

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