Tommy Hilfiger is reportedly joining forces with his label's original investors Silas Chou and Lawrence Stroll, to invest in Michael Kors - who is said to be selling an equity stake of 25 per cent.
Kors is hoping to raise $500 million (£313.725 million), to fund his global expansion plans. The designer is looking for a private placement, followed by a public offering. A financial source told WWD that any deals will be announced in July. Hilfiger himself has refused to comment on the rumours, although admitted the label would be a wise business acquisition.
Please read more about Michael Kors
No comments:
Post a Comment