×
199
Fashion Jobs
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Davanagere
ASSORT STAFFING SERVICES
Area Sales Manager | Chennai | Only 7+ Yrs in Apparels Apply
Permanent · Chennai
H&M
Head of HR - Tech Location India
Permanent · BENGALURU
H&M
HR Business Partner
Permanent · NEW DELHI
SK APPARELS
Factory Manager - (Vamatex & Smit Terry Looms Factory)
Permanent · Karur
ADIDAS
Senior Specialist - Finance Operations fp&a
Permanent · CHENNAI
ADIDAS
Manager - Gbs Global Strategy Activation
Permanent · CHENNAI
ADIDAS
Senior Manager HR Data
Permanent · CHENNAI
ADIDAS
Profit Protection Specialist
Permanent · GURUGRAM
ADIDAS
Senior Manager - Company Secretary -Aimpl
Permanent · GURUGRAM
L'OREAL GROUP
Product Manager- Kiehl's, Luxury
Permanent · Mumbai
L'OREAL GROUP
Senior Key Account Manager - Ecommerce, Ppd
Permanent · Mumbai
METROPOLIS HEALTHCARE
Territory Sales Manager
Permanent · Guwahati
2COMS
Area Sales Manager Institutional Sales
Permanent · Chennai
POLYCAB
Area Sales Manager - Lhdc - Ludhiana
Permanent · Ludhiana
KOTAK MAHINDRA BANK
Urgently Hiring For Area Sales Manager- Agri
Permanent · Coimbatore
SUPERDRY
Ethical And Sustainability Manager
Permanent ·
ION EXCHANGE
Area Sales Manager or Assistant Area Sales Manager
Permanent · Vapi
L'OREAL GROUP
Officer / Executive - Sales Planning, l’Oreal Dermatological Beauty Division
Permanent · Mumbai
L'OREAL GROUP
Senior Manager - Sales (Delhi / Ncr)
Permanent · Gurugram
THIMBLERR COMMERCE AND TECHNOLOGY
Quality Control Manager - Activewear
Permanent · Ludhiana
ADIDAS
Senior Manager Information Security
Permanent · GURUGRAM
Translated by
Nicola Mira
Published
Nov 14, 2016
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

LVMH to acquire Michael Kors too?

Translated by
Nicola Mira
Published
Nov 14, 2016

LVMH is reportedly negotiating the acquisition of Michael Kors. According to financial news service StreetInsider, French merchant bank Société Générale is assisting the luxury goods group with making an offer.
 

Michael Kors - Michaelkors.com


It would not be the first time Louis Vuitton’s parent company has held a stake in the Kors brand. LVMH Group acquired a one third stake in the brand in 1999, while Kors, himself, was serving as the creative head of LVMH-owned Celine. The Bernard Arnault-chaired conglomerate sold off its entire stake several years later in January 2003.

The galaxy of the Bernard Arnault group is currently home to labels such as Louis Vuitton, Bulgari, Fendi, Givenchy, Kenzo, Loro Piana, TAG Heuer, Sephora and Acqua di Parma, to name but a few. The group's most recent acquisition, announced last October, was that of an 80% stake in German premium luggage manufacturer Rimowa.

US fashion label Michael Kors was launched in 1981 by the eponymous designer. In the non-calendar 2015-16 fiscal year, ending April 2, the New York label grew 7.8% to $4.71 billion (€4.217 billion) in revenue, compared to a 32% rise recorded a year before.

At constant exchange rates, the growth was however equivalent to 11.7%. Michael Kors' 4th quarter results were also worth noting, with sales rising by 10.9% (+11.7% at constant exchange rates) and a revenue of $1.2 billion. On the other hand, the group's profitability is worsening.

On the entire fiscal year, net income fell by 4.7% to $839 million (€751.2 million), and in the 4th quarter it fell again, by 3%, down to $177 million. 

Copyright © 2023 FashionNetwork.com All rights reserved.