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Michael Kors is a New York City-based fashion designer of American sportswear for women. He is the honorary chairman and chief creative officer for his company, Michael Kors Holdings Limited (KORS), which deals in fashion accessories. Kors was the first women's ready-to-wear designer for the French house Celine, from 1997 to 2003.
Michael Kors Holdings (NASDAQ: KORS) is a fashion company established in 1981 by American designer Michael Kors. The company is known for handbags and accessories. As of 2015, the MK Holdings has more than 550 stores and over 1500 in-store boutiques in various countries.
Though the brand began in 1981, it wasn't until 2006 where they opened their first retail stores. Some main compteitors of the brand include Coach, Kate Spade, and Louis Vuitton. Michael Kors has been a popular fashion trend among teen girls, according to a 2015 survey.
As of March 29, 2014, the company has 288 North American retail stores, including concessions and 117 international retail stores, including concessions, in Europe and Japan. As of 2014, the annual revenue for the company was 3.2 billion dollars, with a net income of 670 million dollars