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News briefs

Michael Kors, BMW, Armani and Versace – News briefs

February 5, 2014

 

By Jen King

Today in luxury marketing:

Michael Kors shares climb on 76.6pc profits rise
Shares of Michael Kors jumped 20.3 percent in early morning trading Feb. 4 after the accessories and fashion firm reported a 76.6 percent leap in net income for the third quarter ended Dec. 28 to $229.6 million, or $1.11 a diluted share, from $130 million, or 64 cents, a year ago. Total revenues rose 59 percent to $1.01 billion from $636.8 million, which included a 59 percent gain in net sales to $964.8 million from $606.9 million. The balance of revenues was from licensing income, WWD reports.

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  1. B Corp audit updates take effect this month
  2. Dolce & Gabbana debuts Devotion fragrance film
  3. Balenciaga releases Valentine’s Day capsule
  4. Tom Ford creates kids' collection
  5. Inside McLaren’s global push for its sports cars – Luxury Memo special report
  6. IHG dedicates new ‘Fancierge’ experiences to rugby fans
  7. Pomellato celebrates trailblazing women at Beverly Hills event
  8. Bulgari celebrates mother-daughter duos for Mother’s Day
  9. Lions, tigers, bears and 'Wirkins,' oh my!: The legality of Walmart's Hermès Birkin dupe
  10. Off the Cuff: A Q&A with Raffles & Fairmont Hotels and Resorts' Omer Acar
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