Kors chairman and chief executive officer John Idol is set to sell 2.9 million shares, amounting to $151.7 million. Idol would be left with 4.4 million shares.
Sportswear Holdings Ltd. is selling 14.4 million shares, which would total $764.8 million. That will leave Sportswear owning 33.8 million shares of Kors. Sportswear is the investment vehicle of Silas K.F. Chou and Lawrence S. Stroll, who each own a 50 percent interest in the entity.
The Hong Kong-based apparel firm’s stock fell 4 percent to $52.30 Tuesday.
“I was touched by the fact that she lost her father, really before his time, and it was a real shock. She had two young children, she was married and she was expecting that she would have her own life for a good 25 years,” said Claire Foy about playing a young Queen Elizabeth in Netflix’s The Crown. Styled by @mayteallende 📸@jgreenery #emmys2017 #wwdeyeu
“Truth and lies have become a real interesting theme, more than ever, lately,” Emmy nominee Laura Dern told WWD. "It’s a very interesting time to use our voice." Styled by @cristinaehrlich, 📸 @shayanhathaway #wwdeye #emmys2017
“It transcends the genre that is you think of a sci-fi show — you don’t expect it to be so profound or emotionally riveting,” Evan Rachel Wood told WWD of her Emmy nominated role in Westworld. styled by @samanthamcmillen_stylist 📸 @emmanmontalvan #emmys2017 #wwdeye