Wednesday, 29 June 2011

Tommy Hilfiger Invests in Michael Kors.

Michael Kors is working on his quest for worldwide retail domination and he has some industry friends who are willing to lend a hand—and a few Benjamins—to help him get there. Vogue UK reports fellow designer Tommy Hilfiger has expressed interest in helping Kors grow his empire.

Kors wants to raise $500 million to expand his brand globally and is selling a 25% stake in his company to do so. Official investors will be announced in July. Hilfiger has yet to confirm his intentions, but he has many nice things to say abour Kors. Hilfiger says:
Anybody would be crazy not to invest in it. Michael Kors is the next major global player in my eyes.

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