Kors’ record IPO, Hermès shores up defense, Startup fever, Retail leaders, Susannah Frankel

Michael Kors by Bryan Derballa | Source: Wall Street Journal

Kors IPO sets US fashion record (FT) “Michael Kors, an upmarket fashion and accessories brand, has launched the biggest-ever public offering in US fashion, selling more shares than expected in a deal that will value the company at nearly $4bn… The deal was heavily oversubscribed and priced at $20 a share, above the projected range of $17 to $19. Investors in the company sold 47.2m shares, more than the 41m initially

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