Michael Kors Holdings Limited Adopts Fur-Free Policy
December 15 2017 - 11:37AM
Business Wire
Michael Kors Holdings Limited (NYSE:KORS) (the “Company”), a
global fashion luxury group, today announced that it will no longer
use animal fur in its products, with production being phased out by
the end of December 2018.
“I am pleased to announce our company’s commitment to no longer
use animal fur in our Michael Kors and Jimmy Choo collections,”
said John D. Idol, the Company’s Chairman and CEO. “This decision
marks a new chapter as our company continues to evolve its use of
innovative materials.”
“Due to technological advances in fabrications, we now have the
ability to create a luxe aesthetic using non-animal fur,” said
designer Michael Kors. “We will showcase these new techniques in
our upcoming runway show in February.”
About Michael Kors Holdings Limited
Michael Kors Holdings Limited is a global fashion luxury group,
consisting of iconic brands that are industry leaders in design,
style and craftsmanship. Its brands cover the full spectrum of
fashion luxury categories including women’s and men’s accessories,
footwear and apparel as well as wearable technology, watches,
jewelry, eyewear and a full line of fragrance products. The
company’s goal is to continue to extend the global reach of its
brands while ensuring that they maintain their independence and
exclusive DNA. Michael Kors Holdings Limited is publicly listed on
the New York Stock Exchange under the ticker KORS.
Forward Looking Statements
This press release contains forward-looking statements. You
should not place undue reliance on such statements because they are
subject to numerous uncertainties and factors relating to the
Company’s operations and business environment, all of which are
difficult to predict and many of which are beyond the Company’s
control. Forward-looking statements include information concerning
the Company’s possible or assumed future results of operations,
including descriptions of its business strategy. These statements
often include words such as “may,” “will,” “should,” “believe,”
“expect,” “seek,” “anticipate,” “intend,” “plan,” “estimate” or
similar expressions. The forward-looking statements contained in
this press release are based on assumptions that the Company has
made in light of management’s experience in the industry as well as
its perceptions of historical trends, current conditions, expected
future developments and other factors that it believes are
appropriate under the circumstances. You should understand that
these statements are not guarantees of performance or results. They
involve known and unknown risks, uncertainties and assumptions.
Although the Company believes that these forward-looking statements
are based on reasonable assumptions, you should be aware that many
factors could affect its actual financial results or results of
operations and could cause actual results to differ materially from
those in these forward-looking statements. These factors are more
fully discussed in the “Risk Factors” section and elsewhere in the
Company’s Annual Report on Form 10-K for the fiscal year ended
April 1, 2017 (File No. 001-35368), Quarterly Report on Form 10-Q
for the fiscal quarter ended July 1, 2017 (File No. 001-35368) and
other reports filed with the U.S. Securities and Exchange
Commission.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171215005546/en/
Michael Kors Holdings LimitedChristina Coronios,
201-691-6133InvestorRelations@MichaelKors.comorICR, Inc.Jean
Fontana, 203-682-8200jean.fontana@icrinc.comorMedia:ICR, Inc.Alecia
Pulman, 646-277-1231KorsPR@icrinc.com
Michael Kors Holdings Limited Ordinary Shares (delisted) (NYSE:KORS)
Historical Stock Chart
From Aug 2024 to Sep 2024
Michael Kors Holdings Limited Ordinary Shares (delisted) (NYSE:KORS)
Historical Stock Chart
From Sep 2023 to Sep 2024