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Michael Kors Holdings Ltd (KORS.N)

KORS.N on New York Stock Exchange

39.67USD
11:46am EST
Change (% chg)

$-0.81 (-2.00%)
Prev Close
$40.48
Open
$40.50
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$41.13
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$38.90
Volume
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Wed, Nov 7 2018

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Michael Kors shares slide 16 percent as European stores struggle

Michael Kors shares slumped 16 percent on Wednesday as the fashion group missed Wall Street estimates for quarterly revenue, hurt by lower sales at its stores in Europe, where it is struggling to create a stronger luxury identity.

Michael Kors misses quarterly revenue estimates

Nov 7 Michael Kors Holdings recorded weaker sales at retail stores in Europe during the quarter ended September, causing the high-end handbag maker to report lower revenue than Wall Street was expecting.

Versace takeover will bring jobs to Italy, its designer says

MILAN Fashion house Versace did not receive any offers from Italian investors before selling to Michael Kors but the deal with the U.S. fashion group will create jobs in Italy, creative director Donatella Versace told newspapers on Wednesday.

Versace takeover will bring jobs to Italy, its designer says

MILAN, Sept 26 Fashion house Versace did not receive any offers from Italian investors before selling to Michael Kors but the deal with the U.S. fashion group will create jobs in Italy, creative director Donatella Versace told newspapers on Wednesday.

Michael Kors makes high-end fashion statement with $2.2 billion Versace buy

MILAN Michael Kors agreed to buy luxury designer Versace for 1.83 billion euros ($2.15 billion) including debt on Tuesday, as the U.S. fashion group positions itself to take on larger European rivals. | Video

UPDATE 3-Michael Kors makes high-end fashion statement with $2.2 bln Versace buy

* Versace family to own stake in Capri Holding (Adds CEO, source quotes and details on strategy)

UPDATE 2-Michael Kors makes high-end fashion statement with $2.2 bln Versace buy

* Versace family to own stake in Capri Holding (Adds details, context, analyst, Michael Kors shares)

Michael Kors takes over fashion icon Versace in $2.12 bln deal

MILAN, Sept 25 U.S. fashion group Michael Kors has agreed to buy Versace in a deal valuing the revered designer at $2.12 billion, the companies said in a joint statement on Tuesday, making it the latest Italian brand falling into foreign hands.

Michael Kors set to snap up Italy's Versace: sources

LONDON U.S. fashion group Michael Kors has agreed to take control of Versace in a deal that could value one of Italy's most prized designers at $2 billion, sources familiar with the matter said on Monday. | Video

UPDATE 3-Michael Kors set to snap up Italy's Versace - sources

* Donatella Versace called staff meeting for Tuesday -source (Adds Michael Kors shares, analyst, Versace holding ownership)

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