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When sales of Jessica Simpson's fashion line reached $750 million, and were predicted to soon surpass $1 billion, it was noted that she was doing roughly the same sales volume as Michael Kors. If she is the $1 billion girl, Kors — now happily distanced from her — is the $2.5 billion man. In a deal to sell a minority stake of his company to a group of investors 2015 michael kors outlet including "Tommy Hilfiger and members of his inner circle, as well as sovereign wealth funds," the Post reports, that's how much his company was valued at. A source tells the paper the brand could file for an IPO as soon as 2012, and investment bankers are glowing over Kors's valuation, which is greater than 25 times the label's EBITDA (earnings before interest, taxes, depreciation, and amortization)."This is luxury's day," said Richard Kestenbaum of New York investment bank michael kors outlet Triangle Capital. Fears of a double-dip recession notwithstanding, demand for designer merchandise with fat price tags continues to climb, he said.Well this is what happens when the rich hold off on spending to be polite for so long. They stop caring and just binge. Finally, it's their day. Michael Kors is gearing up to launch an expanded clothing line for men.The handbag maker said Monday that it plans to open its first menswear-only store next year, and michael kors outlet stores sees the potential for up to 500 such stores in the future. Kors currently has 605 locations worldwide."We are just now starting to put together a greater emphasis on the men’s business," Michael Kors Chairman and CEO John Idol said on an earnings call Monday. "I believe that we have the potential to be a leading global menswear brand."Kors has hired Mark Brashear, the former CEO of Hugo Boss, to lead its menswear line. When the company michael kors opens its new flagship store in the SoHo neighborhood of Manhattan in October, an entire floor will be devoted to men's products.The current offerings in Michael Kors menswear line are sparse. There's a camouflage leather messenger bag, cable-knit sweaters, dip-dyed hoodies, neon yellow vests, floral-print polos, leather jackets and puff coats.Here's a selection of items and prices from the website:MichaelKors.com.For a clue into the type of men that Kors is targeting, consider Idol's remarks about the company's http://www.2015michaelkorsoutletest.com new men's fragrance, which is launching in September."The scent was created with the men-on-the-go in mind and balances urban sophistication and rugged style," he said. "We are also launching an ad campaign to support this, including a thrilling TV spot reminiscent of an action movie and print ads michael kors that exude jet-set glamour." "My job is to figure it out for you," he tells New York Magazine. "I have to guess what you want before you want it. What I do is answer problems. I have a date. I'm going to lunch with a bunch of women, I'm 42, and I don't want to look like my daughter, but I don't want to look like my mum."AHEAD of winning CFDA's prestigious Lifetime Achievement Award next week, Michael Kors has spoken out on how it feels to win and how he has managed to retain such a widespread appeal over his 30 year career. "I like something familiar and unfamiliar at michael kors outlet online the same time," he explained to WWD. "If it's totally unfamiliar, it's like, 'I have to quit my job and not talk to my friends to figure out how to wear it.' We make the clothes that people actually live in, they hold on to. I think a lot of people said, 'Wait a minute, his clothes last. I don't feel as guilty. This will work."The US-based designer asserted the main difference in fashion today than when 2015 michael kors outlet he begun his career is "age and body". Kors believes the age in which women retain an interest in fashion has increased. Who else do you admire in the make-up industry?I have always admired Stephane Marais. He does really interesting work. I love what Linda Mason does. You do not see Linda's name so much anymore nowadays, but I think she is a very interesting colourist and her work is very cool.Which designers would you love to michael kors outlet online sale work with that you haven't already?I have been very lucky to work with most of the people whose stuff I love but I am always open to new people coming along.MICHAEL KORS' first fashion show took place when he was just 22, at Anna Wintour's desk of- when the US Vogue editor was still working as a fashion editor for the New York Magazine. Michael Kors has lost its status as one of the coolest brands in michael kors sale the fashion industry.The company's stock is underperforming, leading Morgan Stanley's analysts to remove Michael Kors from its "Best Ideas" list.Shares are down 37% in the past year.Michael Kors enjoyed a stunning rise in popularity in recent years thanks to its trendy handbags and watches. But growth has been slowing lately, and the company has reported a weak outlook for the future.So what went wrong?Widespread popularity is the "kiss of death for trendy fashion brands, particularly those positioned michael kors outlet online sale in the up-market younger consumer sectors," industry expert Robin Lewis writes on his blog. Lewis compares Michael Kors to Tommy Hilfiger, which reached its peak in the late 1990s.Michael Kors is considered an aspirational brand, with consumers paying a premium for its label. Once everyone has the product, it is no longer considered cool.Other brands that have experienced this phenomenon include Juicy Couture, Jordache, and Coach.Michael Kors also has several brands at different price points, a strategy michael kors outlet that could easily backfire, Lewis says. Kors has a high-end department-store brand, a middle-market brand, and a brand for discount outlet stores.
When sales of Jessica Simpson's fashion line reached $750 million, and were predicted to soon surpass $1 billion, it was noted that she was doing roughly the same sales volume as Michael Kors. If she is the $1 billion girl, Kors — now happily distanced from her — is the $2.5 billion man. In a deal to sell a minority stake of his company to a group of investors 2015 michael kors outlet including "Tommy Hilfiger and members of his inner circle, as well as sovereign wealth funds," the Post reports, that's how much his company was valued at. A source tells the paper the brand could file for an IPO as soon as 2012, and investment bankers are glowing over Kors's valuation, which is greater than 25 times the label's EBITDA (earnings before interest, taxes, depreciation, and amortization)."This is luxury's day," said Richard Kestenbaum of New York investment bank michael kors outlet Triangle Capital. Fears of a double-dip recession notwithstanding, demand for designer merchandise with fat price tags continues to climb, he said.Well this is what happens when the rich hold off on spending to be polite for so long. They stop caring and just binge. Finally, it's their day.
Michael Kors is gearing up to launch an expanded clothing line for men.The handbag maker said Monday that it plans to open its first menswear-only store next year, and michael kors outlet stores sees the potential for up to 500 such stores in the future. Kors currently has 605 locations worldwide."We are just now starting to put together a greater emphasis on the men’s business," Michael Kors Chairman and CEO John Idol said on an earnings call Monday. "I believe that we have the potential to be a leading global menswear brand."Kors has hired Mark Brashear, the former CEO of Hugo Boss, to lead its menswear line. When the company michael kors opens its new flagship store in the SoHo neighborhood of Manhattan in October, an entire floor will be devoted to men's products.The current offerings in Michael Kors menswear line are sparse. There's a camouflage leather messenger bag, cable-knit sweaters, dip-dyed hoodies, neon yellow vests, floral-print polos, leather jackets and puff coats.Here's a selection of items and prices from the website:MichaelKors.com.For a clue into the type of men that Kors is targeting, consider Idol's remarks about the company's http://www.2015michaelkorsoutletest.com new men's fragrance, which is launching in September."The scent was created with the men-on-the-go in mind and balances urban sophistication and rugged style," he said. "We are also launching an ad campaign to support this, including a thrilling TV spot reminiscent of an action movie and print ads michael kors that exude jet-set glamour."
"My job is to figure it out for you," he tells New York Magazine. "I have to guess what you want before you want it. What I do is answer problems. I have a date. I'm going to lunch with a bunch of women, I'm 42, and I don't want to look like my daughter, but I don't want to look like my mum."AHEAD of winning CFDA's prestigious Lifetime Achievement Award next week, Michael Kors has spoken out on how it feels to win and how he has managed to retain such a widespread appeal over his 30 year career.
"I like something familiar and unfamiliar at michael kors outlet online the same time," he explained to WWD. "If it's totally unfamiliar, it's like, 'I have to quit my job and not talk to my friends to figure out how to wear it.' We make the clothes that people actually live in, they hold on to. I think a lot of people said, 'Wait a minute, his clothes last. I don't feel as guilty. This will work."The US-based designer asserted the main difference in fashion today than when 2015 michael kors outlet he begun his career is "age and body". Kors believes the age in which women retain an interest in fashion has increased.
Who else do you admire in the make-up industry?I have always admired Stephane Marais. He does really interesting work. I love what Linda Mason does. You do not see Linda's name so much anymore nowadays, but I think she is a very interesting colourist and her work is very cool.Which designers would you love to michael kors outlet online sale work with that you haven't already?I have been very lucky to work with most of the people whose stuff I love but I am always open to new people coming along.MICHAEL KORS' first fashion show took place when he was just 22, at Anna Wintour's desk of- when the US Vogue editor was still working as a fashion editor for the New York Magazine.
Michael Kors has lost its status as one of the coolest brands in michael kors sale the fashion industry.The company's stock is underperforming, leading Morgan Stanley's analysts to remove Michael Kors from its "Best Ideas" list.Shares are down 37% in the past year.Michael Kors enjoyed a stunning rise in popularity in recent years thanks to its trendy handbags and watches. But growth has been slowing lately, and the company has reported a weak outlook for the future.So what went wrong?Widespread popularity is the "kiss of death for trendy fashion brands, particularly those positioned michael kors outlet online sale in the up-market younger consumer sectors," industry expert Robin Lewis writes on his blog. Lewis compares Michael Kors to Tommy Hilfiger, which reached its peak in the late 1990s.Michael Kors is considered an aspirational brand, with consumers paying a premium for its label. Once everyone has the product, it is no longer considered cool.Other brands that have experienced this phenomenon include Juicy Couture, Jordache, and Coach.Michael Kors also has several brands at different price points, a strategy michael kors outlet that could easily backfire, Lewis says. Kors has a high-end department-store brand, a middle-market brand, and a brand for discount outlet stores.