Michael Kors Spring/Summer 2013 campaign | Source: Michael KorsNEW YORK, United States — A Morgan Stanley analyst on Monday added Michael Kors Holdings Ltd. to the investment bank's "Best Ideas" list, saying that the high-fashion clothing and accessories company's long-term earnings potential is one of the retail industry's best and not fairly reflected in its stock price.
Coach 'Legacy' by The Sartorialist | Source: CoachNEW YORK, United States — Coach’s valuation and cash generation -- enough to give it the third-highest free cash flow yield among peers -- could attract private-equity firms, Atlantic Equities LLP said. LVMH Moet Hennessy Louis Vuitton SA and PPR SA may be among suitors drawn to its margins and the chance to expand Coach beyond the U.S. and Japan
NEW YORK, United States — Coach Inc. shares rose 5 percent on Wednesday to $48.90 after a DealReporter article said there were rumours among investment bankers that the leather-goods maker was exploring a sale of the company. DealReporter cited two bankers as saying there were rumours Coach was exploring a sale, and a third banker who said Coach was rumored to be exploring strategic options, but was unable to provide specific
Louis Vuitton Autumn/Winter 2012 | Source: Louis VuittonLVMH says Louis Vuitton CEO quits over ill health (Reuters) “Louis Vuitton’s new chief executive has quit suddenly from the helm of luxury group LVMH’s top brand because of health reasons, LVMH said on Tuesday. The world’s largest luxury company said Jordi Constans would be replaced by Michael Burke, chief executive since February of Bulgari, the Italian jeweller that LVMH added to its stable last
Savigny Luxury Index November 2012 | Source: Savigny PartnersLONDON, United Kingdom — The Savigny Luxury Index (‘SLI’) increased by almost 3 percent in November, while the MSCI World Index (‘MSCI’) slipped nearly 1 percent for the month. From mid-November, global markets and the SLI enjoyed a strong rally on better economic news from China and hopes that the US might avoid the feared fiscal cliff. Big news A flurry of positive economic newsflow has lifted investors’
