The question "Who owns Michael Kors?" requires a nuanced answer, as the ownership structure has undergone a significant transformation. While the eponymous designer, Michael Kors, was initially the driving force behind the brand's success, he no longer solely owns the company bearing his name. To understand the current ownership, we need to trace the evolution of Michael Kors Holdings Limited and its subsequent rebranding.
On January 2, 2019, Michael Kors Holdings Limited officially changed its name to Capri Holdings Limited, trading on the New York Stock Exchange under the ticker symbol CPRI. This renaming reflected a significant shift in the company's portfolio, moving beyond just the Michael Kors brand. This shift answers many of the questions surrounding ownership and the relationships between various luxury brands.
Who Bought Michael Kors?
The simple answer is that no single entity "bought" Michael Kors in the traditional sense of a complete acquisition. The company went public through an initial public offering (IPO) in 2011, allowing the public to purchase shares and become part-owners. Michael Kors himself, along with other early investors and executives, held significant equity, but the ownership was distributed among numerous shareholders. Therefore, there wasn't a single buyer but rather a collective of investors who purchased shares during the IPO and subsequent market trading.
The more complex answer involves the strategic acquisitions Capri Holdings has made since its inception as Michael Kors Holdings. These acquisitions have significantly altered the company's ownership structure and broadened its brand portfolio. The key acquisitions that directly impact the answer to "Who owns Michael Kors?" are those of Versace and Jimmy Choo.
Michael Kors Bought Versace?
Yes, Michael Kors, now operating as Capri Holdings, acquired Versace. In September 2018, Capri Holdings announced the acquisition of the Italian luxury fashion house Versace for approximately $2.12 billion. This acquisition significantly expanded Capri Holdings' reach into the high-end luxury market, complementing its existing portfolio of more accessible luxury brands like Michael Kors and Jimmy Choo. The acquisition wasn't a simple buyout; it involved a complex financial transaction that saw the Versace family retain a small stake in the company while transferring majority ownership to Capri Holdings. This means that while the *company* that owns Michael Kors now owns Versace, the Versace family still retains a minor, symbolic ownership.
This acquisition directly answers the question of "does Michael Kors own Versace?" – yes, through its parent company, Capri Holdings.
Jimmy Choo Parent Company:
Jimmy Choo is another significant part of the Capri Holdings portfolio. In 2017, Capri Holdings (then Michael Kors Holdings) acquired Jimmy Choo for approximately $1.2 billion. This acquisition broadened the company's portfolio even further, adding a renowned footwear and accessories brand to its lineup. Therefore, the Jimmy Choo parent company is Capri Holdings.
Who Owns Versace Company Now?
As previously mentioned, Capri Holdings (formerly Michael Kors Holdings) owns Versace. The Versace family, while retaining a small ownership stake, no longer holds controlling interest in the brand. The majority ownership lies with the publicly traded company, Capri Holdings, meaning that the ultimate owners are its shareholders.
Coach and Michael Kors Merger:
There has been no merger between Coach and Michael Kors. While both companies operate in the luxury goods sector and have experienced similar growth trajectories, they remain separate entities. However, both companies are significant players in the luxury fashion market, competing for the same consumer base.
current url：https://kwdwwg.d193y.com/all/who-owns-michael-kors-61828