In a frank and wide-ranging joint interview at the corporate office days before, Sadove and Frasch expressed sadness about leaving Saks, and acknowledged they would have liked more time to further the turnaround they orchestrated.
Sixteen billion dollars. That is now the market capitalization of Michael Kors Holdings Ltd. after its shares surged 5.8 percent Tuesday to $79.13 in trading on the New York Stock Exchange following a second-quarter earnings report that had investors cheering.
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