New Bull in Town – Michael Kors
April 18 , 2012 (AAPLTrader)
Michael Kors Holdings Ltd. (NYSE: KORS) is one of the fastest growing retailers in the world. It’s headquarters are in Hong Kong and it has 180 stores in North America and 34 stores in Europe and Japan. KORS had their IPO on December 15, 2011 opening at $25 per share.
Michael Kors acts as Chief Creative officer. He is also known as one of the judges on the long-running TV fashion show “Project Runway.” In addition, Michael Kors received a lifetime achievement award from the Council of Fashion Designers of America in 2010.
KORS currently trades at a market price of $43 which is 72% above its IPO price just 4 months ago. It just surpassed the $8 billion market cap.
This fashion designer company competes with some of the top clothing retailers across the globe with merchandise such as watches, dresses, purses, etc..,.
- Ralph Lauren
- Prada Ferragamo
- Hermes International
With looks this good, we might see a new fashion in the stock market. This guy knows a little bit about business.
Eric Consiglio – AAPLTrader.com
in the World!