The market value of Michael Kors Holdings Ltd. just keeps climbing, hitting $18.25 billion on Tuesday and valuing designer Michael Kors’ 2 percent stake at $365 million.
The company’s shares soared 17.3 percent Tuesday to close at $89.91 in trading on the New York Stock Exchange after Kors reported a 76.6 percent leap in net income for the third quarter ended Dec. 28 on a 59 percent rise in revenues. Shares rose as high as $93.18 in intraday trading, which represented a new 52-week high. About 23 million shares changed hands, compared with an average three-month trading volume of 4.5 million shares.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"