The French designer was synonymous with striped sweaters and Left Bank insouciance.
The music star had launched the collection last February during New York Fashion Week.
Cuts may be coming to Condé Nast.
Silas K.F. Chou and Lawrence S. Stroll now together beneficially own 11.6 million shares of Michael Kors Holdings, or 5.7 percent of the total shares issued.