Type Public Area served Worldwide Founded 1981 Revenue 4.71 billion USD (2016) Parent organization Michael Kors Holdings | ISIN VGG607541015 Founder Michael Kors CEO John D. Idol (Dec 2003–) Net income 839.1 million USD (2016) | |
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Traded as NASDAQ: KORS
S&P 500 Component Key people John D. Idol (Chairman and CEO)
Michael Kors (Chief Creative Officer and Director) Products Watches, handbags, footwear, accessories, apparel Headquarters New York City, New York, United States | ||
Michael Kors Holdings (NASDAQ: KORS) is an American luxury fashion company established in 1981 by designer Michael Kors. The company is known for watches, handbags and other accessories. As of 2015, the MK Holdings has more than 550 stores and over 1500 in-store boutiques in various countries.
Contents
Though the brand began in 1981, it wasn't until 2006 where they opened their first retail stores. Some main competitors of the brand include Coach, Kate Spade, and Louis Vuitton. Michael Kors has been a popular fashion trend among grown men, according to a 2015 survey.
Background
As of March 29, 2014, the company has 288 North American retail stores, including concessions and 117 international retail stores, including concessions, in Europe and Japan. As of 2014, the annual revenue for the company was 3.2 billion dollars, with a net income of 670 million dollars.
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 stores in the following countries around the globe: