Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Michael Kors Holdings Limited
Baird served as a co-manager in this offering
Michael Kors Holdings Limited (“Michael Kors” or the “Company”) (NYSE: KORS) recently completed a follow-on offering of 25,000,000 shares of its common stock at a price of $47.00 per share, generating gross proceeds of approximately $1.2 billion. All of the shares offered were sold by selling shareholders of the Company. The Company will not receive any proceeds from the offering.
Michael Kors, the namesake of its award-winning designer, is a rapidly growing global luxury lifestyle brand with two primary collections: the Michael Kors luxury collection and the MICHAEL Michael Kors accessible luxury collection. The Company’s products feature distinctive designs, materials and craftsmanship with a jet-set aesthetic that combines stylish elegance and a sporty attitude. The Company operates its business in three segments—retail, wholesale and licensing—and has a strategically controlled global distribution network focused on company-operated retail stores, leading department stores, specialty stores and select licensing partners.