Last $70.79 USD
Change Today -1.74 / -2.40%
Volume 3.2M
KORS On Other Exchanges
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As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

michael kors holdings ltd (KORS) Key Developments

Michael Kors Holdings Limited Appoints Jane Thompson to the Board of Directors

Michael Kors Holdings Limited announced that Jane Thompson has been appointed to the company’s Board of Directors effective immediately. Ms. Thompson is currently Co-Founder and Director of The Fusion Labs. The appointment of Ms. Thompson brings the company’s Board membership to eight, and the company now has six independent directors within the meaning of the NYSE listing standards and the company’s Corporate Governance Guidelines on director independence.

Michael Kors to Open Store in Japan’s Ginza

Michael Kors announced that it will open its large Japanese store this fall, on Chuo Street in Tokyo’s renowned Ginza district. The store will be the first in the world to carry every category offered by the global luxury lifestyle brand. The store, which measures approximately 7,800 square feet, will reflect the new design concept unveiled in 2014 at the Jing’An Kerry Centre in Shanghai, including a shimmering exterior facade inspired by Michael Kors’ signature use of metallics and texture. The facade, designed by Michael Kors’ in-house design team, consists of luminous screens made of unique, light-reflective facets set within a grid of internally lit recesses. The effect is elegant and kinetic, evoking the light-catching allure of a sequined gown. A large-scale video screen covers the balance of the second- and third-story facade, while the ground floor features large storefront windows framed in Bianco Dolomiti marble. The interior of the store will reflect the signature jet set glamour of the Michael Kors brand, with polished stainless steel fixtures, white marble flooring, Macassar wood and zebra-skin accents used to create a luxurious and inviting atmosphere. Women’s ready-to-wear will occupy the upper floor, housed in a sophisticated, exclusive environment designed to complement both the Michael Kors Collection and MICHAEL Michael Kors labels. Here shoppers can browse, try on clothes and consult with the store’s personal stylists in an ambience of calm and complete indulgence. This floor will also showcase a grand shoe salon. On the ground floor, handbags from Michael Kors Collection and MICHAEL Michael Kors will be showcased in a variety of dramatic displays, along with curated presentations of accessories, watches, jewelry and eyewear. The lower level will be dedicated to menswear and men’s accessories, making the Ginza the first freestanding Michael Kors store in Japan to offer menswear.

Michael Kors Holdings Limited Presents at Morgan Stanley Global Consumer Conference 2014, Nov-18-2014 09:10 AM

Michael Kors Holdings Limited Presents at Morgan Stanley Global Consumer Conference 2014, Nov-18-2014 09:10 AM. Venue: Crown Plaza Times Square, New York, New York, United States. Speakers: Joseph B. Parsons, Chief Financial Officer, Chief Operating Officer, Principal Accounting Officer, Executive Vice President and Treasurer.

Michael Kors and Fossil Group Renew Global Licensing Agreement for Watches and Jewelry

Michael Kors Holdings Limited and Fossil Group, Inc. announced that they have renewed their global licensing agreement through 2024. Michael Kors first partnered with Fossil Group in 2004 to design, develop and distribute watches under the Michael Kors label. The relationship expanded to encompass jewelry in 2010 and the two companies are currently collaborating to grow the men's watch business.

Michael Kors Holdings Limited Announces Expansion Plans

Michael Kors Holdings Limited announced that it will open approximately 50 stores in the North American in 2014. The company to open approximately 50 stores across Europe during fiscal 2015 and continue to believe that the region can support 200 Michael Kors retail locations. The company will be opening its second store in Kobe in Japan in the first half of calendar 2015. The company is on track to open 110 retail locations, including approximately 50 in North America, 50 in Europe and 10 in Japan, expand and/or relocate approximately 40 retail stores globally in select locations in key cities and convert approximately 750 shop-in-shops.

 

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KORS

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Valuation KORS Industry Range
Price/Earnings 18.6x
Price/Sales 3.7x
Price/Book 6.5x
Price/Cash Flow 16.3x
TEV/Sales 3.5x
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