By  on February 4, 2014

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.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus