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 23,000,000 shares of its common stock at a price of $53.00 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 the Company’s 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 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.