Follow-On Offering

Consumer
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.

For additional information about this transaction, please contact:

Joe Pellegrini (704) 553-6612
Chris Sciortino (312) 609-4923
Peter Kies (414) 765-7262
Vinay Ghai +44 (0) 20 7667 8225
Maria Watts (312) 609-4743
Consumer
Follow-On Offering
Date
March 2012
Company
Michael Kors Holdings Limited
Transaction
M&A
Sectors
Consumer
Target Location
North America

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