Michael Kors
Michael Kors ( born August 9, 1959 in Merrick on Long Iceland, New York; actually Karl Anderson Jr., Kors is the surname of his stepfather ) is an American fashion designer.
The company Michael Kors Holdings Limited, founded by Kors (originally Michael Kors LLC), since 2002, headquartered in the British Virgin Islands, offers under the brand Michael Kors its own network of boutiques and upscale retailers worldwide prêt -à -porter fashion collections for men and women as well as accessories - mainly handbags for women - and shoes, jewelry, watches and perfumes in the upper price segment, and since the end of 2011 on the New York Stock Exchange ( NYSE) listed. The annual turnover for the financial year 2011/2012 amounted to 1.3 billion U.S. dollars. The market value of the company was estimated in spring 2012 with about eight billion dollars.
Career and business history
Michael Kors has appeared in commercials on U.S. television in childhood. His name changed at the age of five years by Karl Anderson in Michael David Kors after the second husband of his mother Joan Kors him (* 1940), the entrepreneur Bill Kors, had adopted. The two names are chosen freely.
Even in 1981 - before his design studies at the Fashion Institute of Technology in New York City - founded his own label, Kors Michael Kors LLC. Parallel to his studies, which he broke off later, he was working in a New York gem boutique called Lothar 's as a sales manager and sales also been there his first collections. His first fashion show he showed in 1984. With minimalist, American Sportswear in classic cuts and made of precious materials, he made a name for himself. In the 1980s he also worked for the Scottish cashmere brand Lyle & Scott as a designer. In 1993, he must, however, after a first failed attempt, a more favorable second line called Kors with an Italian licensee to establish and reduced demand for conservative sportswear and low order numbers to file for bankruptcy. In 1994 he had restructured his company and started a design and licensing collaboration for the second-line Kors with the Japanese fashion company Onward Kashiyama, which later became the owner of the fashion brand Jil Sander. 1999, the French LVMH group bought 33% at a Michael Kors. Already in 1997, LVMH Kors had appointed chief designer of belonging to the Group Parisian fashion label Céline; a position which he held until 2003.
After the first designs for his own label, mainly sportswear, came, in time, perfume (from 2000 ) Accessories ( 2001) and in the autumn / winter season 2002/2003, his first full menswear collection to after it already from 1992 had given men's fashion from Michael Kors. Today, his collections include the name Michael Kors (main collection and catwalk line for men and women ), KORS Michael Kors ( Women's Bridge collection with shoes, coats and accessories since 1996, relaunched in 2004, originally as Kors by Michael Kors in 1989 established and terminated in 1992 ) and MICHAEL Michael Kors (Sportswear second-line since 2004, men's line in 2006 set ) the complete range of women's and men's fashion, fragrances and accessories. 2003 bought Sportswear Holdings Limited of Hong Kong, which, inter alia, In 1989 the label Tommy Hilfiger had bought and is owned by Silas Chou and Lawrence Stroll, for an estimated $ 100 million in 85 % of the company Michael Kors, while Kors himself held the remaining 15 %. On 20 December 2011, the Company completed its IPO on the NYSE in March 2012 and was again shares, thereby reducing the proportion of Sportswear Holdings Limited Michael Kors Holdings Limited decreased to 26.1 %. The shares issued were all sold by the shareholders Michael Kors, John Idol, Lance LePere (partner of Michael Kors ), Silas Chou and Lawrence Stroll, and the sale proceeds benefited only those shareholders and not the company. After the sale of shares or 35.5 % of the shares were in March 2012 in the hands of shareholders. The company's share price had almost tripled since the IPO in December 2011 ( $ 20) until September 2012 ($ 56).
Michael Kors Holdings operated a booth April 2011 world 166 stores, including 58 own boutiques in the U.S. - of which in turn five " Collection Store " called, which offer only the exclusive Main Collection - and more than forty outlets, including New York, Las Vegas, Beverly Hills and Hawaii. In addition, there own stores in Canada, London, Paris, Milan, Madrid, Moscow, Istanbul, Dubai, Manama, Seoul, Singapore, Malaysia, China, Hong Kong, Japan and the Philippines as well as numerous outlets around the world. The Michael Kors boutique was opened in Munich in early May 2010. End of 2011, opened a Michael Kors boutique in Dusseldorf on the Kings their doors. The first Michael Kors shop-in- shop in Germany for men only opened on January 19, 2012, approximately 30 m² in the Galeries Lafayette Berlin. In addition, in Germany there are outlet stores of the company in the FOCs Ingolstadt Village and Wertheim Village and Metzingen.Im in 2012 also opened in the McArthurGlen Designer Outlet on the A7 in Neumünster a Michael Kors store. In Austria and Switzerland, there is as yet no own boutiques. As of March 2012, the Company operated after numerous openings worldwide in 2011 237 location business under the name Michael Kors, including 188 in the U.S. ( including outlets ).
The official website and the Online Shop are operated by the U.S. department store Neiman Marcus. Furthermore Kors is the outfitter of various Hollywood movies (eg The Thomas Crown Affair ) and many celebrities such as Jennifer Lopez and Catherine Zeta -Jones. Kors won the Award from the Council of Fashion Designers of America for ladies fashion designer (1999) and men's fashion designer (2003) of the year and is a jury member in the TV format Project Runway.
In August 2011, Kors married his longtime partner and employee since 1990, Lance LePere.
Gallery
Michelle Obama in a dress by Michael Kors, 2011
Design by Michael Kors, 2010
Design by Michael Kors, 2008
Design by Michael Kors, 2008
Design by Michael Kors, 2008
Design by Michael Kors, 2008
Michael Kors boutique at the Peninsula Hotel, Hong Kong