Michael Kors’ Valuation Sets New Fashion Standard

Michael Kors is Wall Street’s golden man.

As the designer and other shareholders of Michael Kors Holdings Ltd. prepare a secondary offering only three months after the firm’s initial public offering, Kors is having an influence far beyond either his designs or his sales volume. The company’s valuation of $8.97 billion has other fashion firms poring over their books to see what they would be worth if they went public or sold out — and designers trying to figure out their personal worth.