Kors Planning $1 Billion Men’s Brand
CEO and Chairman of Michael Kors Holdings Ltd, John Idol, previously mentioned to WWD, that he would be expanding on to the menswear aspect and he indeed is following up with his words. A report in seekingalpha.com, earlier this year mentions that Michael Kors Holdings is growing fast into a global luxury lifestyle brand. The woman’s line is indeed affordable, but at the same side grants a high end casual approach. The shift towards menswear was inevitable.
Carried in over 450 stores in 35 different countries, big things are happening for Michael Kors. With the new global menswear president being Mark Brashear, former Hugo Boss Americas CEO, 2015 shall be a promising year for Kors.
Plans for a $1 billion dollar goal with the welcoming of the new CEO. The line shall include watches, apparel and other leather goods to be on the look out for. Have you noticed the popular iPad cases? Although, Michael Kors is adored by many woman, will Kors dominate the Menswear industry?