Profile: Michael Kors Holdings Ltd (KORS.N)
Michael Kors Holdings Limited, incorporated on December 13, 2002, is a global accessories, footwear and apparel company with a presence in around 100 countries. The Company operates its business in three segments: retail, wholesale and licensing. The Company has a global distribution network focused on Company-operated retail stores, department stores, specialty stores and select licensing partners. As of March 28, 2015, its retail segment included 343 North American retail stores, including concessions and its United States e-commerce site; and 183 international retail stores, including concessions, in Europe and Japan. As of March 28, 2015, its wholesale segment included wholesale sales through approximately 2,541 department store and specialty store doors in North America; and wholesale sales through approximately 1,497 specialty store and department store doors internationally. Through its licensing segment, the Company licenses to third parties, certain production, sales and/or distribution rights through geographic licensing arrangements. As of March 28, 2015, its retail segment accounted for 48.8%; wholesale segment accounted for 47.3%, and licensing segment accounted for 3.9% of its total revenue, respectively.
The Company offers two primary collections: the Michael Kors luxury collection and the MICHAEL Michael Kors accessible luxury collection. In the Michael Kors collection, the Company offers accessories, including handbags and small leather goods, many of which are made from leathers and other exotic skins, footwear and apparel, including ready-to-wear women swear and menswear. The Michael Kors collection is carried in many of its retail stores, as well as in the luxury department stores in the world, including, Bergdorf Goodman, Saks Fifth Avenue, Neiman Marcus, Holt Renfrew, Harrods, Harvey Nichols and Printemps, among others. The MICHAEL Michael Kors collection focuses on accessories, in addition to offering footwear and apparel, and is carried in all of its lifestyle stores, as well as department stores throughout the world. In the MICHAEL Michael Kors collection, the Company offers accessories, primarily handbags and small leather goods, such as clutches, wallets, wristlets and cosmetic cases; footwear, primarily in women's styles; and women swear, including dresses, tops, jeans, pants, skirts, shorts and outerwear. The MICHAEL Michael Kors collection is carried in all of its lifestyle stores, as well as department stores throughout the world, including, Bloomingdale's, Nordstrom, Macy's, Harrods, Harvey Nichols, Galeries Lafayette, Lotte, Hyundai, Isetan and Lane Crawford, among others.
The Company sells watches in its retail stores, its e-commerce site and by Fossil to wholesale customers, in addition to select watch retailers. Its eyewear products are focused on status eyewear with sunglasses serving as a key category. It sells eyewear in its retail stores, its e-commerce site and by Luxottica to wholesale customers, in addition to select sunglass retailers and prescription eyewear providers. Its jewelry product line consists of bracelets, necklaces, rings and earrings. Its jewelry is sold in its retail stores, its e-commerce site and by Fossil to wholesale customers, in addition to other specialty stores. It sells fragrances in its retail stores, its e-commerce site and by Estee Lauder to wholesale customers, in addition to select fragrance retailers. Its licensee of beauty products includes nail lacquers, lip products, powders, and a collection of body and sun products. Through its retail and wholesale segments, the Company sells its products in three principal geographic markets: North America, Europe and Asia. Through its licensing segment, the Company enters into agreements that license to third parties use of its brand name and trademarks, certain production, and sales and/or distribution rights. Revenues generated through these agreements are primarily earned in North America and Europe.
The Company competes with Coach, Burberry, Ralph Lauren, Hermes, Louis Vuitton, Gucci, Marc Jacobs, Chloe, Tori Burch and Prada.
Michael Kors Holdings Ltd
LONDON WC2B 6UF
Company Web Links
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