Davis Polk advised J.P. Morgan Securities LLC as the sole book-running manager in connection with the SEC-registered secondary offering of 11,629,627 ordinary shares of Michael Kors Holdings Limited sold by Sportswear Holdings Limited for a price to the public of $892.6 million.
Michael Kors is a world-renowned, award-winning designer of luxury accessories and ready to wear. His namesake company, established in 1981, currently produces a range of products through his Michael Kors and MICHAEL Michael Kors labels, including accessories, footwear, watches, jewelry, men’s and women’s ready to wear, and a full line of fragrance products.
The Davis Polk corporate team included partner Byron B. Rooney and associate Joseph W. Clementz. Partner Michael Mollerus and associate Arie Rubenstein provided tax advice. Counsel Betty Moy Huber and associate Amy E. Turner provided environmental advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.