Sportswear Holdings to exit Michael Kors via IPO
Sportswear Holdings, the Hong Kong-based private equity firm owned by Silas Chou and Lawrence Stroll, plans to exit its stake in Michael Kors via the company’s imminent IPO.
Other shareholders including Michael Kors CEO John Idol and partner Lance LePere are selling their stakes alongside the investment firm, which bought 85% of the luxury lifestyle company in 2003. At the...
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