Reveals the advantage of Michael Kors

21/06/2013 11:09

 

Luxury designer Michael Kors earned $ 7.6 million (€ 4.8 million) for the year ended 30 March, a decrease of 46.6% compared to the previous year, according to a filing with the Securities and Exchange Commission in the United States.louis vuitton belts The designer, who serves as Honorary President, Creative Director and Michael Kors Holdings, received a salary of $ 2.5 million (€ 1.5 million) and cash consideration of $ 5,000,000 (3, 1 €). Including the value of stock awards in connection with the performance of the company last year, but this year paid total compensation amounted Kors $ 13.6 million (£ 8.6m) Kors took his company public in 2011 and is now at 12.38 billion dollars (€ 7.8 billion) estimated The label announced in May that the company's profits more than doubled in the past year, driven by new store openings. louis vuitton bags on sale For the full year, net profit more than doubled to $ 397.6m (€ 253 million) compared to $ 147.4 million (€ 93 million) last year. Total revenues increased 67.5% to $ 2.18 b (€ 1.3b), which included a 69.3% jump in sales to $ 2.09 b (€ 1.3b).