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Article: Michael Kors, L.L.C. Acquired by Sportswear Holdings Limited.
- Article from:
- PR Newswire
- Article date:
- January 30, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- NEW YORK, Jan. 30 /PRNewswire/ -- Michael Kors, L.L.C., Sportswear Holdings Limited and LVMH Moet Hennessy Louis Vuitton Inc. jointly announced today that Sportswear Holdings Limited, together with Mr. Kors, has acquired all of the interests in Michael Kors held by LVMH, John Orchulli, Co-Chairman and CEO of Michael Kors, and Onward Kashiyama U.S.A., Inc. Terms were not disclosed.
Sportswear Holdings Limited, controlled by Silas Chou and Lawrence Stroll, has a more than 20-year track record of successfully building world-class brands, including British luxury brands Asprey and Garrard, Tommy Hilfiger and Polo Ralph Lauren Europe.
"Michael ...