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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. Ralph Lauren, Team USA reveal 2026 Winter Olympic uniforms
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  3. Off the Cuff: A Q&A with The 1916 Company's John Shmerler
  4. Estée Lauder Cos., Jo Malone launch AI scent advisor
  5. Presenting bespoke models, Bentley tributes ‘Dutch Masters’
  6. France welcomes first Case Loewe location
  7. Luxury Unfiltered: The one question most luxury CEOs cannot answer
  8. Versace announces exit of Dario Vitale as creative director
  9. Mercedes-AMG partners with Brad Pitt, stages racing stunt in Las Vegas
  10. Chopard, Boss, Lancôme front AR experience from Snapchat
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