Michael Kors Holdings is a multinational fashion company that sells clothes, shoes and accessories. Its products include accessories, footwear, watches, jewelry, men’s and women’s ready-to-wear, eyewear and a full line of fragrance products. Michael Kors stores are operated, either directly or through licensing partners

TypePublic
HQNew York, US
Founded1981
Size (employees)14,846 (est)+9%
Websitemichaelkors.com
Michael Kors was founded in 1981 and is headquartered in New York, US
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Key People/Management at Michael Kors

Krista McDonough

Krista McDonough

Senior Vice President, General Counsel
Michael Kors

Michael Kors

Honorary Chairman, Chief Creative Officer and Director
John Idol

John Idol

Chairman, Chief Executive Officer and Director
Cathy Marie Robinson

Cathy Marie Robinson

Senior Vice President of Corporate Strategy and Chief Operations Officer
Pascale Meyran

Pascale Meyran

Senior Vice President, Chief Human Resources Officer
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Michael Kors Office Locations

Michael Kors has an office in New York
New York, US (HQ)
11 W 42nd St
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Michael Kors Financials and Metrics

Michael Kors Revenue

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Michael Kors's revenue was reported to be $4.72 b in FY, 2018 which is a 5% increase from the previous period.
USD

Revenue (Q1, 2019)

1.2b

Gross profit (Q1, 2019)

750.8m

Gross profit margin (Q1, 2019), %

62.4%

Net income (Q1, 2019)

186.2m

EBIT (Q1, 2019)

215.2m

Market capitalization (15-Oct-2018)

9.3b

Closing stock price (15-Oct-2018)

62.5

Cash (30-Jun-2018)

169.9m

EV

10.0b
Michael Kors's current market capitalization is $9.3 b.
Annual
USDFY, 2017FY, 2018

Revenue

4.5b4.7b

Revenue growth, %

(5%)5%

Cost of goods sold

1.8b1.9b

Gross profit

2.7b2.9b
Quarterly
USDQ1, 2019

Revenue

1.2b

Cost of goods sold

451.7m

Gross profit

750.8m

Gross profit Margin, %

62%
Annual
USDFY, 2017FY, 2018

Cash

227.7m163.1m

Accounts Receivable

265.8m290.5m

Inventories

549.3m660.7m

Current Assets

1.2b1.3b
Quarterly
USDQ1, 2019

Cash

169.9m

Accounts Receivable

262.5m

Inventories

697.0m

Current Assets

1.3b
Annual
USDFY, 2017FY, 2018

Net Income

551.5m592.1m

Depreciation and Amortization

219.8m208.6m

Inventories

20.6m46.0m

Accounts Payable

37.5m(20.9m)
Quarterly
USDQ1, 2019

Net Income

186.2m

Depreciation and Amortization

55.9m

Inventories

(52.4m)

Accounts Payable

(4.4m)
USDY, 2018

EV/EBIT

46.4 x

EV/CFO

48.4 x

EV/FCF

60.3 x

Financial Leverage

1.9 x
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Michael Kors Operating Metrics

FY, 2016FY, 2017FY, 2018

Department Store Doors (Wholesale)

1.62 k

Outlet Stores

176 213 233

Retail Stores (Jimmy Choo)

182

Specialty Store Doors (Wholesale)

1.92 k
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Michael Kors Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
VersaceSeptember 24, 2018$2.12 b
Jimmy ChooJuly 25, 2017£896 m
Choo EUR Finance Limited
Choo Luxury Finance Limited
Choo Luxury Group Limited
Choo Luxury Holdings Limited
Choo USD Finance Limited
Franchoo SAS
Itachoo S.r.l.
JAG Acquisitions (UK) Limited
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Michael Kors Revenue Breakdown

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Michael Kors revenue breakdown by business segment: 34.7% from MK Wholesale, 57.5% from MK Retail and 7.8% from Other

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Michael Kors Online and Social Media Presence

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Michael Kors News and Updates

Michael Kors has fought to reclaim a high-end image — but is it ready to run Versace?

Michael Kors has agreed to buy Versace for $2 billion, but experts debate whether the company is ready to take on another luxury acquisition.

Michael Kors to buy Versace for $2.1 bn

Fashion designer Michael Kors is set to buy Italian fashion house Versace for $2.1 billion in a bid to challenge Europes conglomerates at a time of rapid consolidation in the global luxury market.

Michael Kors is buying Versace in a $2.12 billion deal. Here's the full story of how Versace became so iconic. (KORS)

Michael Kors has agreed to buy the Italian fashion house Versace in a $2.12 billion deal.  Michael Kors will be called Capri Holdings, and it has plans to grow Versace's revenue, increase its store footprint and online presence, and focus on shoes and accessories.  Donatella Versace, who took over…

How Michael Kors Plans to Turn Versace Into a $2 Billion Brand

How Michael Kors Plans to Turn Versace Into a $2 Billion Brand

Michael Kors is likely buying Versace for one key reason

The Italian fashion house Versace is being acquired by American conglomerate Michael Kors, which will change its name to Capri Holdings. Capri has already laid out its plan to turn Versace into a more accessories-focused brand comfortable with selling online. That would mimic the roadmap of fellow…

Michael Kors ups the glamour, buys Versace for $2 billion

Michael Kors is buying the Italian fashion house Versace in a deal worth more than USD 2 billion, continuing its hard charge into the world of high-end fashion. The deal Tuesday comes just 14 months after the New York handbag maker spent USD 1.35 billion adding to its portfolio Jimmy Choo, the shoem…
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Michael Kors Company Life and Culture

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