Luxury lifestyle company Michael Kors Holdings’ shares are expected to fly off the shelves as affluent shoppers continue to spend despite a gloomy economic environment.
The Hong Kong-based company, named after fashion designer Michael Kors — a judge on TV show “Project Runway” — is going public at a time when U.S. investors are being highly selective about their IPO investments. ”That he is a well-known designer is a very positive thing and there is the thinking that the luxury end of the market, which he represents to a certain extent, is making a comeback as markets stabilize,” said David Menlow, president of IPOfinancial.com. Click here to read more.
Source: Reuters
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