Thursday, September 27, 2012
Michael Kors luxury beats US economy's blahs
NEW YORK - Since his Wall Street debut in December, upscale US fashion designer Michael Kors has seen profits soar and share value almost triple, proof of the luxury sector's resilience amid a torpid economy. Image: Michael Kors The eponymous ready-to-wear brand, launched in 1981 and divided since 2004 into several lines, from the luxury "Michael Kors" to the more accessible "MICHAEL" and "KORS" labels, has found firm footing on both the New York Stock Exchange and the catwalks.His 2013 spring
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