And in other IPO news. Over shadowed by the other tech IPO, KORS made its debut.
Michael Kors dresses the stars, both real and imagined. The company designs, distributes, and sells high-fashion apparel, footwear, and accessories for men and women. It has expanded its product portfolio through the years by inking several licensing agreements, such as watches with Fossil, eyewear with Marchon, and fragrance with Estée Lauder. The firm's collections include three brands -- Michael Kors, MICHAEL Michael Kors, and KORS Michael Kors. Mr. Kors himself owns about 12% of the company while Sportswear Holdings, the holding company owned by fashion investors Silas Chou and Lawrence Stroll, owns 50%. Parent company Michael Kors Holdings filed to go public in late 2011.
