Luxury shoemaker Jimmy Choo Plc, which is being bought by U.S. retailer Michael Kors, said its pretax profit for the half year almost tripled, helped by its retail and licensing businesses.…
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Bottega Veneta appoints SVP global marketing in fresh digital push
Bottega Veneta has added two new executives to its top-line fold, including a SVP of global marketing, in a bid to sharpen its digital focus and inject a shot of adrenaline into sales growth.…
Jimmy Choo bought by Michael Kors in $1.2 Billion deal
Luxury shoemaker Jimmy Choo has been bought by Michael Kors Holdings in a deal which values the firm at about $1.2 Billion.…
Bally, Coach, Michael Kors to open Sydney outlet stores
Several luxury brands are confirmed to be opening Australian outlet stores this August, taking up residence in Sydney’s biggest discount shopping centre.…
Michael Kors eyes 100 more China stores on new retail strategy
Michael Kors plans to open around 100 new stores in China in next three years, as the US brand continues to plan for mass global retail closures, forming part of its recently revealed “Runway 2020” re…
Michael Kors to shut over 100 stores
Michael Kors, the once-popular retailer that has been trying to turn itself around, said it expected same-store sales to continue to fall in 2018, and that it would shut more than 100 full-price retai…
Michael Kors banks on strategic plans, rising costs a worry
Michael Kors has been constantly deploying resources to expand its product offerings, open new stores, build shop-in-shops, and upgrade its information system and distribution infrastructure.…
Michael Kors buys back franchising rights in Greater China for US$500 million
American light luxury brand Michael Kors has invested US$500 million in the acquisition of Michael Kors (HK) Limited, the exclusive licensee of Michael Kors in China and certain other regions in Asia.…
Michael Kors beats estimates, sees costs rising
The company said it acquired Michael Kors Ltd., the exclusive licensee of products in China and other jurisdictions in Asia, for $500 million in cash.…
Michael Kors leverages localized appeal for Line debut
U.S. apparel label Michael Kors is appealing to Japanese consumers with the launch of its official account on Line, the most popular communication application in the country.…