Your assignment is to prepare and submit a paper on international financial analysis of michael kors.
The company has expandedits portfolio in recent years, it has received several likening to allow it sell other fashion related stuffs.The company has a retail network where it sales its products. The company operates an online platform where its customers can purchase from any part of the world. In this paper, the financial analysis of Michael kor’s firm shall be discussed.
It is not always easy to start a fashion design firm. It is a business that takes a lot of time before it picks up. The Michael Kors firm has been rapidly growing over time ever since it was launched 30 years ago.
The enterprise has picked up in the international platform. What began as a personal incentive operates in more than 95 countries. The firm has had a good financial fortune from the international stage. The firm’s online platform makes it easier to sell its products with ease.
The Michael Kors firm was incorporatedat the end of 2002. It is known as the global luxury company that is producing various fashion designs for many people especially the celebs. The company operates on three basis that is: silencing basis, retailing and wholesale.
It also has many global store where its sales its products. The company strives to expend to other parts of the world as soon as a ready market target emerges. The many internal store help the company make a lot of revenue. There are over 2,497 department, 1233 departments are in the other parts of the world.
The Michael Kors firm was officially launched in 1981. It was associated with women ware. It was a Michael Kor’s initiative to start the business after dropping out of Fashion institute of technology only 5 months after enrolment.
In 1993 the firm experienced bankruptcy, it later came back to feet four years later. A product of lower price was launched to help the firm recover from bankruptcy.