American Apparel brand Michael Kors New York Stock Exchange listed

01/ago/2012 04:07:52 rtrade Contatta l'autore

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U.S. luxury brand Michael Kors on December 15, landed the New York Stock Exchange, trading code "KORS. According to foreign media reports, on Wednesday night for the first time offering, michael kors wallet stock sales better than expected. The stock NYSE IPO subscription price and circulation were higher than expected. Michael Kor is headquartered in Hong Kong, is a 30-year-old clothing brand. According to the company went public document was published, the business is now in over 74 countries, include accessories, clothing, shoes and other series, mainly in Saks Fifth Avenueand Harrods and other high-end shopping malls and the company's own stores sales. The company's business is divided into three: retail, department store, retail stores (as a supplier to the shopping malls and stores supplied) and authorization. , Both retail and wholesale revenue as of October 1, 2011, the first six months were $ 255 million and $ 264 million, authorized only $ 28,450,000. Michael Kors stores into store (Fullpriceretailstores,) and discount stores (Outletstores)Michael Kors As of October 1, 2011, respectively 132 and 71, an increase of 41.9% and 51.10% respectively. In China, the company currently in Hong Kong, Shanghai, Tianjin, Suzhou have a store. From single-store revenue situation, as of 6 October 1, 2011, Michael Kors retail single store revenue of $ 1,258,000, an increase of 26.13%, and 203 retail stores contributed $ 255 million in revenue , an increase of 82.88%; single department store shop store revenue of $ 113,000, the 2350 department store shop contributed $ 235 million, an increase of 44.87%. The company ended April 2, 2011 fiscal year, total revenues of $ 803,000,000, an increase of 58% global same-store sales growth of 48 percent compared to fiscal year 2010. As of October 1, the company's total revenues increased 61 percent to $ 549 million, same store sales growth Michael Kors handbagsof 42 percent the first six months of this fiscal. Fiscal year 2011 net profit as compared to fiscal year 2010 increased by 85 percent, to $ 73 million this fiscal year six month net profit doubled to $ 65 million. The company will set the IPO price of 4720 shares for $ 20 per share, representing the company had planned circulation (41.7 million) in excess of 550 million shares of its previous plans to issue price of $ 17-19 U.S. dollars per share. The IPO plans to raise $ 11.1 million, accounting for 8.1% of the shares. Brand designer Michael Kors had located 57 Street Lothar's at work, after DawnMello to explore, and then began to launch its own design series, launched its first fashion show in 1984. Its clothing business in the nineties period nearly suffered bankruptcy, but he gradually by raising funds from private investors step by step toward a strong brand recovery and then. 2003 Stroll and Chou acquired the company and help the company expansion now start listing. The Listing Agreement also provides for the Michael Kors Tote will continue to work in the company until there is any external reasons such as death, illness so far. Michael Kors's minimum wage to $ 2.5 million, CEOIdol will continue remain with the company until March 31, 2015.

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