March 2019
S M T W T F S
« Sep    
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Search Posts

Advertisement

About Us

We love fashion, culture, music, and everything in between. From politics to the runway, we're unbashful in our views, constructive in our thoughts, and glamorous in our style. Welcome!

  • Email us:
    editor@emcblue.com
  • Follow us on Twitter:
    @emcblue
  • Senior Managing Editor
    Virginia “Ginny” Van de Wall
  • Junior Managing Editors
    Megan Dawson
  • Jessica Passananti
  • Fashion Editor
    Mashal Zaman
  • Culture Editor
    Lindsay Jill Barton
  • Music Editor
    Lakin Starling
December 05, 2011  | by: Ama Kwarteng

Michael Kors

Soon enough, anyone will be able to own a little piece of the Michael Kors brand.

Just recently, the company announced its plans to go public and list as much as 48 million shares on the New York Stock Exchange under the ticker KORS. They hope to sell the shares for between $17 and $19, which means that normal people will be able to call a small part of a company, that will be valued at around $3.62 billion, their own.

Kors has been raising money since the summer to help bring up the valuation of the company. All of the shares are coming from existing investors in the company (Sportswear Holding, Mr. Kors himself, and chief executive John D. Idol) and the main underwriters in the IPO offering are Morgan Stanley, JPMorgan Chase, and Goldman Sachs.

The luxury women’s fashion brand has 169 North American stores, along with around three dozen international stores, and continues to grow every day. Kors plans to open many, many more stores across Europe, North America, and Japan. Kors expansion into the stock market is expected to influence other American brands, such as Tory Burch.

Social Share Toolbar

Tags: , , , , , ,
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.