Michael Kors, the American luxury brand, will be held December 15, 2002 (Thursday) the New York Stock Exchange, the code "KORS" transactions. According to foreign media reports, the initial offering on Wednesday night, Michael Kors stock sales better than expected. The NYSE IPO subscription price of the stock and the issuance volume is higher than expected. The Michael Kor headquartered in Hong Kong,Michael Kors Purses Outlet has a 30-year-old clothing brand. According to the listing document of the company's announcement, the company business has a presence in 74 countries, include accessories, clothing, shoes, and other series, mainly sold in Saks Fifth Avenue and Harrods and other high-end shopping malls, as well as the company's own stores. The company's business is divided into three: retail, department store counters, retail stores (as a supplier to the shopping malls and stores to supply) and authorization. Which are mainly retail and wholesale revenue, as of October 1, 2011, the first six months were $ 255 million and $ 264 million, a mandate only $ 28,450,000. Michael Kors retail stores into stores (Full price retail stores) and discount stores (Outlet stores), as of October 1, 2011, respectively, 132 and 71, an increase of 41.9% and 51.10%, respectively. In China, the company Michael Kors Storesis currently in Hong Kong, Shanghai, Tianjin, Suzhou, each with a store. From single-store revenue situation, the six months ended October 1, 2011, the Michael Kors retail single store revenues of $ 1,258,000, an increase of 26.13%, and 203 retail stores contributed $ 255 million in revenue , an increase of 82.88%; single shop in department stores shop revenues of $ 113,000, the 2350 department store shop contributed $ 235 million, a year-on-year growth of 44.87%. The company's total revenues in the fiscal year michael kors outletended April 2, 2011 of $ 803 million, a year-on-year growth of 58% global same-store sales growth of 48% compared with fiscal 2010. In the first six months of this fiscal, as of October 1, the company's total revenue increased 61% to $ 549 million, a 42% increase in same-store sales. Fiscal year 2011 net profit growth of 85% compared with fiscal 2010, to $ 73 million, net profit doubled in the first six months of this fiscal, to $ 65 million. The company set to 4720 million IPO issue price of $ 20 per share, higher than the company had plans to issue amount (41.7 million) in excess of 550 million shares in the previous plan 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 company's shares. The brand designer Michael Kors served in 57th Streetmichael kors sale the Lothar's at work, when Dawn Mello excavations, and then began to launch its own design series, launched the first fashion show in 1984. Its clothing business in the nineties period almost suffered bankruptcy, but he gradually by raising funds from private investors to make the brand a step-by-step recovery and then to the powerful. 2003, Stroll and Chou acquired the company and help the company expansion, until now start listing. The Listing Agreement also provides that Michael Kors hasMichael Kors Handbags been working in the company, until any external reasons such as death, illness far. Michael Kors's minimum wage to $ 2.5 million, CEO Idol company will continue in office until March 31, 2015. Michael Kors is a minimalist, his design style is simple and clear, like the use of advanced fabrics sewn clothing, cashmere knitting style is his forte. He also specializes in designing luxury sportswear, is not divorced from the reality of visionary love Paris, New York, with a unique design that won worldwide attention. Â In 1959, Michael Kors was born in Long Island, take the name Karl Anderson, JR. When he was five, his mother remarried and changed his name to Michael Kors. At this point, he has been with his cute little face for some companies to start the michael kors bags outlet ad, his mother therefore hope the son of a bright show future. But his son's love of clothing found in the process of shopping with Mom often. The 10-year-old when he store it in the basement of the "Iron Butterfly" began selling home-made batik printing T-shirts and leather vests. In 1978, he began working at FIT (Fashion Institute of Technology in New York). After leaving there, he landed at Lothar's the work of a designer and sales, where he began to hone interpersonal skills and upper class people, such as singers Diana Ross and Barbra Streisand. In this, he also learned what clothing women want most. 1981, Bergdorf Goodman learned that there is such a young talent, under an order, this is the beginning of "Michael Kors" brand. Â Michael Kors kept a low profile in the 1980s, despite the strong supportmichael kors outlet stores of a group of loyal guests, but he did not jump to a kind of throne Donna and Calvin Klein. In the early 1990s, he suddenly popular, his small business into a big business. But his Italian designer quit in 1993 when he was forced to go bankrupt. Grunge (leisure) wind scraping his brand brought the rain, they glow with vitality. With established practice, the luxury of "Michael Kors" best casual clothing in the 1970s and star power in a humorous manner fusion, and reached a the hippie new peak (series name brazen, such as: "Palm Bitch" 10021 - Madison Square zip code). He also attracted the attention of the French luxury goods group. LVMH received Michael Kors's let him do those famous but antiquated fur as well as Celine garments. However, Michael Kors and Celine is actually very proportionate design studio after two seasons, is impressed by the design for the Americans, he signed a five-year contract. LVMH also bought a Michael Kors one-third of the shares of the business. In 2000,michael kors purse the company opened at Madison Square flagship store. The perfume "Michael" is also released at the same time. Is also the year he won the CFDA Women Awards. Â Michael brand embodies the American casual style. He relationship between Celine and their own brand is how to treat it? "They will be very different. Typical American style, but Celine noble and beautiful,michael kors usamore international, for example, it is commonly used in silk, chiffon, leather, these gorgeous fabrics expensive. Combined with our personality, with luxury romantic I did Celine newly installed, reflect the reality of women's lives can be very childish also more mature. " Â Today, Michael Kors is always non-stop between New York and Paris, Celine headquarters. His famous quote: "For senior apparel brand, can be prepared the clothes can dress the streets, not evil."