Michael Kors is Going Strong; Soon You'll Be Able to Wear '50 Shades of Grey'
Staying Strong: Michael Kors, we hope you’re on a boat somewhere celebrating. Michael Kors Holdings Ltd. has almost tripled its first-quarter earnings, and the company’s revenue jumped 71 percent this quarter, to $414.9 million. And things are looking up: the retailer, which went public in December, said full-year earnings would now be some $1.32 to $1.34 per share on revenue of $1.8 billion to $1.9 billion, up from $1.08 to $1.12 on revenue of $1.7 billion to $1.8 billion. Also strong is Estée Lauder, whose fourth-quarter earnings rose 25 percent. Skin care sales reportedly helped growth. [The Wall Street Journal]
Room for Improvement: Paul Ryan is obviously being scrutinized for a bunch of things at the moment, and now comes the fashion portion of his judgment days. We’ve already taken a look at his love for hair gel, but what about his equivocal admiration for oversized clothes? Buzzfeed investigates. [Buzzfeed]
Going Grey: Three separate 50 Shades of Grey clothing lines are soon to be released. Together they’ll provide a full scope of knitwear, T-shirts, pajamas, and lingerie. No word yet on a licensing deal for adult toys, but judging from the series’ cash cow effect, it’s only a matter of time before there’s a pair of silk tie handcuffs headed your way. [Telegraph]