Showing posts with label ipo. Show all posts
Showing posts with label ipo. Show all posts

June 28, 2011

Michael Kors Worth $2 Billion


According to The Hollywood Reporter, word on the stweet is that Michael Kors is looking for an equity partner for his self-branded clothing and lifestyle brand. He has reportedly put a pricetag of $250 million for 25% of the company, estimating its total valuation at about $2 billion dollars.
No doubt that Michael Kors has steadily grown over the past few years but entrepreneurs always have to be wary of ensuring that they don't start to sell too soon or too late. My instinct is that it may be early, as Micheal Kors has potential for growth to become a more established brand, so maybe a better strategy would be to sell a smaller stake at around 12.5% or 10%. Others have said the valuation is too low due to potential of the brand. But who knows, he may be selling to cover expenditure or spur some growth. The $2 bil valuation is double the amount of their reported profits.

June 24, 2011

Prada Goes Pubic, Worth $12 billion


Fashion house Prada has made its official debut onto the Hong Kong Stock Exchange. Forbes Magazine retweeted a related post by their blogger Claire O'Connor. According to Forbes, founder and designer Miuccia Prada and husband Patrizio Bertelli (photographed above) each own 1/3 of the company bringing the approximate total valuation of Prada's shares to over $12 billion. This financial move is suggested to help her return to the Forbes 400 List of Wealthiest Persons, which she has been absent since 2007.