Deal Details
Follow-On Offering
Summary
Baird served as a co-manager in this offering
About
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.
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- Date
- March 2012
- Company
- Michael Kors Holdings Limited
- Transaction
- M&A
- Sectors
- Consumer
- Target Geography
- North America
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