Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
MICHAEL KORS HDG.LTD. (US), a company active in the Apparel Retailers industry, slightly increases its general evaluation. The independent financial analyst theScreener just confirmed the stock market behaviour of the title as moderately risky. At the fundamental level, theScreener confirms the rating of 1 out of 4 stars; given the more favourable environment, the title's overall rating is upgraded to Neutral even if it remains under pressure. As of the analysis date December 18, 2018, the closi...
LONDON--(BUSINESS WIRE)-- Michael Kors Holdings Limited (NYSE: KORS) today announced that it plans to report its fourth quarter and fiscal year 2018 financial results on Wednesday, May 30, 2018, before the market opens. The Company also plans to hold a conference call to discuss its financial results the same day at 8:30 a.m. ET. A live webcast of the conference call will be available in the investor relations section of the Company’s website, www.investors.michaelkors.com. In addition, a replay of the call will be a...
LONDON--(BUSINESS WIRE)-- Michael Kors Holdings Limited (NYSE:KORS), a global fashion luxury group, is pleased to announce that the Michael Kors brand will be entering into the world of golf through a sponsorship of South African professional golfer and Masters champion Charl Schwartzel. The partnership will feature Schwartzel as the brand’s first golf ambassador wearing Michael Kors Mens apparel throughout his worldwide tour appearances, which include PGA, European and Sunshine tour events. This press release features multimedia. View...
LONDON--(BUSINESS WIRE)-- Michael Kors Holdings Limited (NYSE:KORS) (the “Company,” "MKHL"), a global fashion luxury group, today announced its financial results for the fiscal 2018 third quarter ended December 30, 2017. Earnings per diluted share were $1.42 on a reported basis. On an adjusted basis, earnings per diluted share were $1.77, an increase of 7.9% compared to the prior year. Third Quarter Fiscal 2018 Highlights Results exceeded guidance, with better than expected performance from both the...
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LONDON--(BUSINESS WIRE)-- Michael Kors Holdings Limited (NYSE:KORS) (the “Company”), a global fashion luxury group, today announced that it will no longer use animal fur in its products, with production being phased out by the end of December 2018. “I am pleased to announce our company’s commitment to no longer use animal fur in our Michael Kors and Jimmy Choo collections,” said John D. Idol, the Company’s Chairman and CEO. “This decision marks a new chapter as our company continues to evolve its use of innovative materials.”...
LONDON--(BUSINESS WIRE)-- Michael Kors Holdings Limited (NYSE:KORS) (the “Company”), a global fashion luxury group, today announced that it has named Francesca Leoni as the new Senior Vice President, Chief Brand Officer for the Michael Kors brand reporting to John D. Idol, the Company’s Chairman and Chief Executive Officer. She will be joining Michael Kors on February 5, 2018. Ms. Leoni has over 20 years’ experience within the fashion industry. Since 2010, Ms. Leoni has been the Worldwide Communications Director at Valentino ...
LONDON--(BUSINESS WIRE)-- Michael Kors Holdings Limited (NYSE:KORS), a global fashion luxury group, today announced that the company will be presenting at the Morgan Stanley Global Consumer & Retail Conference, held at The Crowne Plaza Times Square in New York City, on Wednesday, November 15, 2017, at 10:00 AM Eastern Time. John D. Idol, Chairman and Chief Executive Officer, and Thomas J. Edwards, Executive Vice President, Chief Financial Officer and Chief Operating Officer, will host the presentation. The audio portion of th...
LONDON--(BUSINESS WIRE)-- Michael Kors Holdings Limited (NYSE:KORS) (the “Company”), a global fashion luxury group, today announced its financial results for the fiscal 2018 second quarter ended September 30, 2017. Earnings per diluted share were $1.32 on a reported basis and $1.33 on an adjusted basis, an increase of 37% versus prior year. John D. Idol, the Company’s Chairman and Chief Executive Officer, said, “This is a transformative time for Michael Kors Holdings Limited as we established our global fashion luxury group w...
LONDON--(BUSINESS WIRE)-- Michael Kors Holdings Limited (NYSE:KORS) (the “Company”) today announced that it has completed the acquisition of Jimmy Choo PLC (“Jimmy Choo”). Under the terms of the transaction, Jimmy Choo shareholders received 230 pence per share with a total transaction value of approximately $1.35 billion. John D. Idol, Chairman and Chief Executive Officer of Michael Kors Holdings Limited, said, “We are thrilled to have completed the acquisition of Jimmy Choo, which brings together two iconic brands to ...
LONDON--(BUSINESS WIRE)-- Michael Kors Holdings Limited (NYSE: KORS) (the “Company”) today announced that Michael Kors (USA), Inc., a wholly owned subsidiary of the Company (the “Issuer”), priced $450,000,000 aggregate principal amount of its 4.000% senior notes due 2024 (the “Notes”) at an issue price of 99.508%. The closing of the offering is expected to occur on October 20, 2017 and is subject to customary conditions. The Issuer intends to use the net proceeds of the offering to finance, in part, the Company’s pending acquisition o...
LONDON--(BUSINESS WIRE)-- Michael Kors Holdings Limited (NYSE:KORS) (the “Company”) today announced that Michael Kors (USA), Inc., a wholly owned subsidiary of the Company (the “Issuer”), intends to commence an offering of senior notes (the “Notes”). The Notes will be issued to finance, in part, the Company’s pending acquisition of Jimmy Choo PLC, a public company organized under the laws of England and Wales, and its subsidiaries (collectively, “Jimmy Choo”) (the “Acquisition”) and certain related refinancing transactions. The procee...
LONDON--(BUSINESS WIRE)-- Michael Kors Holdings Limited (NYSE:KORS) today announced that it plans to report its second quarter fiscal year 2018 financial results on Monday, November 6, 2017, before the market opens. The Company also plans to hold a conference call to discuss its financial results the same day at 8:30 a.m. ET. A live webcast of the conference call will be available in the investor relations section of the Company’s website, www.michaelkors.com. In addition, a replay of the call will be available short...
LONDON--(BUSINESS WIRE)-- Michael Kors Holdings Limited (NYSE:KORS), a global fashion luxury brand, announced today that the company is contributing $500,000 in support of hurricane relief efforts through the American Red Cross disaster relief fund. The pledge is aimed to help those affected by Hurricane Harvey. “In the wake of the disastrous effects of Hurricane Harvey, we want the people of Texas to know that they are in our hearts,” says Michael Kors. About Michael Kors Michael Kors is a world-reno...
LONDON--(BUSINESS WIRE)-- Michael Kors Holdings Limited (NYSE:KORS) (the “Company”), a global fashion luxury brand, today announced its financial results for the fiscal 2018 first quarter ended July 1, 2017. For the three months ended July 1, 2017: Total revenue decreased 3.6% to $952.4 million from $987.9 million in the first quarter of fiscal 2017. On a constant currency basis, total revenue decreased 2.6%. Retail net sales increased 10.1% to $619.9 million driven in large part ...
LONDON--(BUSINESS WIRE)-- Michael Kors Holdings Limited (NYSE:KORS), a global fashion luxury brand, today announced that it has reached an agreement to acquire Jimmy Choo PLC (LON:CHOO), a premier global luxury footwear and accessories brand. Under the terms of the transaction, Jimmy Choo shareholders will receive 230 pence per share, with an enterprise value of approximately USD $1.350 billion. The transaction has been approved by the Boards of Directors of both Michael Kors and Jimmy Choo. John D. Idol, Chairman and Chief E...
LONDON--(BUSINESS WIRE)-- Michael Kors Holdings Limited (NYSE:KORS) today announced that it plans to report its first quarter fiscal year 2018 financial results on Tuesday, August 8, 2017, before the market opens. The Company also plans to hold a conference call to discuss its financial results the same day at 8:00 a.m. ET. A live webcast of the conference call will be available in the investor relations section of the Company’s website, www.michaelkors.com. In addition, a replay of the call will be available shortly...
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