Headquartered in New York City, Michael Kors is an American luxury fashion brand and one of the leading luxury companies worldwide. Established in 1981 by American sportswear fashion designer Michael Kors, the company opened its first retail stores in 2006. With an annual revenue of over 4 billion U.S. dollars, the company currently has over 800 stores and nearly 14 thousand employees worldwide—as of 2017.
Renowned predominantly for its watches, handbags and other accessories, the company has also become well-known for its jewelry, fragrances and footwear as well. The accessories segment is the company’s highest revenue generator, generating about 70 percent of total net sales in 2017. Michael Kors’ main industry competitors include: Coach, Kate Spade, and Louis Vuitton.
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