Founders of Tommy Hilfiger consider investment in Michael Kors

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Joel Horowitz and Tommy Hilfiger may be about to invest in luxury brand Michael Kors as the company prepares to sell off around 25 percent of its equity in order to raise as much as USD 500 million to fund global expansion plans.


It is predicted that Kors, founder of eponymous label Michael Kors, may do a private placement followed by an IPO and it is estimated that the company could be valued at USD 2 billion.


According to Hilfiger himself: "Anybody would be crazy not to invest in it. Michael Kors is the next major global player in my eyes."

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