Kors is Going Strong; Soon You Can Wear '50 Shades of Grey'

(Photo by Andrew H. Walker/Getty Images for A&E)

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]
Register below to read this article for free or subscribe
to unlock unlimited access to The Daily Beast.
Monthly
$1
First month then $5.99/month
Annual
$35
First year then $59.99/year
Premium
$79
First year then $119.99/year
*Substack access provided by the next business day, using your subscription email. Choosing the Premium plan constitutes your permission to share your subscription email with Substack and your agreement to Substack’s Privacy Policy.
Already have an account? Sign In
Looks like you already have a subscription!
You're all set!
Thanks for subscribing.
