ICR provided financial communications counsel to Michael Kors Holdings Limited, the luxury apparel marketer which saw its share price surge 25 percent on going public today.
The 30-year-old brand, based in Hong Kong and named after the "Project Runway" designer, posted 2011 fiscal revenue up 58% to $803M on sales of handbags, shoes and clothing. Its shares went public on the New York Stock Exchange under KORS, a day after the IPO price was raised to $20 per share from $17-19.
The company raised $944M on selling more than 47M shares in the IPO.
ICR senior managing director Joe Teklits, who heads the firm’s retail group, and Jean Fontana, senior VP for retail, apparel and footwear accounts, handle the Michael Kors business for Norwalk, Conn.-based ICR.
The New York Times ran a feature on Kors today.