Michael Kors Holdings Limited is an American luxury fashion company that was established in 1981 by designer Michael Kors. The company is known for apparel, footwear, watches, handbags and other accessories. As of 2015, Michael Kors Holdings has more than 550 stores and over 1500 in-store boutiques in various countries.
Though the brand began in 1981, it wasn't until 2006 that the company opened its first retail stores. Some main competitors of the brand include Coach, Kate Spade, and Louis Vuitton. Michael Kors handbags have been a popular fashion trend among teenaged girls, according to a 2015 survey.
Video Michael Kors (brand)
Background
As of April 2017, the company has 827 full-price or outlet stores and another 133 licensed stores for a total of 960 worldwide. As of 2014, the annual revenue for the company was $3.2 billion, with a net income of $670 million.
In May 2017, Fortune reported that the company was to close its 125 stores, as the sales had gone down.
In July 2017, Michael Kors Holdings bought shoemaker Jimmy Choo PLC in a deal worth $1.2 billion.
Maps Michael Kors (brand)
Trademark protection
There have been multiple counterfeit Michael Kors bags, wallets and other luxury items in Montreal, Canada. In an attempt to end the counterfeit production and to enforce trademark rights, the brand has commenced actions against a major network of counterfeit suppliers and vendors, and raided multiple locations throughout the Greater Montreal Area.
Stores
The company has stores in the following countries around the world:
References
External links
- www
.michaelkors .com
Source of the article : Wikipedia
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