Turnover: 4.15 billion EUR (2020)
Country: United States
The company was founded in 1981 by Michael Kors in the United States. Michael Kors stores are located in most major cities around the world-New York, Beverly Hills, Chicago, London, Milan, Paris, Munich, Istanbul, Dubai, Seoul, Tokyo, Hong Kong, Shanghai, and Rio de Janeiro.
Michael Kors' product range is very broad and consists of ready-to-wear and fashion accessories for women and men, characterized by elegance and simplicity. The group's price positioning is quite high. Most of Michael Kors' handbag range is between 200 and 400 euros, making it a high-end brand. Michael Kors targets middle-class women in their 20s to 40s.
Michael Kors is a manufacturer and distributor of luxury accessories. It generates 64.8 percent of its revenue from fashion accessories (particularly handbags), far more than shoes (13.9 percent), apparel (12.8 percent), and licensed branded products (8.5 percent)
The geographical distribution of its business is mainly concentrated in the Americas (64.5 percent), Europe-Middle East-Africa (23.2 percent) and Asia (12.5 percent).
Financial Data
DUNS: 523106722
Legal Name: MICHAEL KORS (FRANCE)
Address: 5 RUE ROYALE , 75008 PARIS
Number of employees: Entre 200 et 249 salariés (2021)
Capital: 18 520 000 EUR
Financial Data:
| Year | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Turnover | 53 926 911 | 46 746 402 | 42 185 381 | 49 353 560 | 56 401 243 | 60 368 316 | 56 193 275 | 54 080 014 |
| Gross margin (€) | 25 835 672 | 23 547 517 | 23 573 029 | 29 608 958 | 36 607 054 | 39 247 597 | 37 386 641 | 36 121 321 |
| EBITDA (€) | 2 954 284 | 2 956 660 | 5 085 246 | 2 592 713 | 4 806 522 | 5 926 858 | 4 599 144 | 4 715 295 |
| Operating profit (€) | 1 563 892 | 1 758 384 | 545 477 | 880 860 | 2 852 303 | 2 961 315 | 2 660 627 | 3 323 010 |
| Net profit (€) | 1 415 298 | 460 376 | -5 431 009 | 284 445 | 500 280 | 1 356 188 | 1 959 540 | 2 045 779 |
| Turnover growth rate (%) | 15,4 | 10,8 | -14,5 | -15,5 | -6,6 | 7,4 | 3,9 | - |
| Ebitda margin rate (%) | 5,5 | 6,3 | 12,1 | 5,3 | 8,5 | 9,8 | 8,2 | 8,7 |
| Operating margin rate (%) | 2,9 | 3,8 | 1,3 | 1,8 | 5,1 | 4,9 | 4,7 | 6,1 |
| Working Capital (turnover days) | -63,9 | -118,5 | 165,4 | -12,1 | 98,5 | 59,7 | 30,6 | 5,7 |
| Working Capital requirements (turnover days) | 38 | -81 | 206,9 | 11,6 | 118,1 | 88,4 | 65 | 22,1 |
| Net margin (%) | 2,6 | 1 | -12,9 | 0,6 | 0,9 | 2,2 | 3,5 | 3,8 |
| Added value / Turnover (%) | 22,4 | 24,6 | 30,5 | 30,7 | 34,9 | 38,9 | 38,5 | 41 |
| Wages and social charges (€) | 8 540 368 | 8 421 624 | 8 683 600 | 11 498 841 | 14 343 452 | 16 443 222 | 15 932 766 | 14 575 414 |
| Salaries / Turnover (%) | 15,8 | 18 | 20,6 | 23,3 | 25,4 | 27,2 | 28,4 | 27 |
Company Managers:
| Position | First Name | Last Name | Age | |
|---|---|---|---|---|
| Président | Robin, Leigh | Gendron | 45 | |
| Directeur général | Borisav | Djordjevic | 55 | |
| Directeur général | David | Provenzano | 45 |
Studies mentioning this company
The luxury leather goods market - United Kingdom
Other companies mentioned:
- LVMH Vins et Spiritueux
- Hermès International
- Prada Groupe
- Chanel
- Michael Kors
- Mulberry
- Burberry
- Farfetch
- Walpole
- Kering
The luxury leather goods market - France
Other companies mentioned:
- Hermès International
- Prada Groupe
- Chanel
- Michael Kors
- Maroquinerie Auguste Thomas
- Les ateliers d’Armançon
- Les Ateliers de Vitré
- Maroquinerie Pierre Cotte
- Lancel (Piquadro)
- Lancaster Maroquinier
- Farfetch
- Rioland Groupe
- Kering
- Moynat Paris
- Montblanc (Richemont Groupe)
- Jean Rousseau Manufacture
- Fleurus Groupe
- Coach (Tapestry Capri)
- Piquadro
- Partson Groupe
- Jacquemus
- Gucci
- Cartier (Richemont groupe)
- Louis Vuitton Malletier
- Camille Fournet Maroquinerie
- Algo Goyard Maroquinerie
- Goyard (Algo Groupe)
- SIS Maroquinerie Groupe
- Perrin Créations Maroquinier
- Fendi France
- Fendi
The Handbag Market - United Kingdom
Other companies mentioned:
- LVMH Vins et Spiritueux
- Hermès International
- Prada Groupe
- Michael Kors
- Burberry
- Marks & Spencer
- Debenhams
- Jane Shilton
- Mulberry
- Farfetch
- Asos
The leather goods market - France
Other companies mentioned:
- Hermès International
- Chanel
- Michael Kors
- PRADA Retail France (Prada Groupe )
- Toloméi Groupe ) Manufacture Maroquinerie du Dauphiné
- Maroquinerie Auguste Thomas
- Les Ateliers de Vitré
- Maroquinerie Pierre Cotte
- Longchamp
- Lancel (Piquadro)
- Delsey Paris
- Lancaster Maroquinier
- LVMH Groupe
- San Marina
- Rioland Groupe
- Hofica
- FIM France Inter Mode
- Atelier Nantais de Maroquinerie
- Fleurus Groupe
- Jérôme Dreyfuss
- Swildens
- Mellow Yellow - Groupe Eram
The handbag market - France
Other companies mentioned:
- LVMH Groupe
- Lancel (Piquadro)
- Le Tanneur
- Vanessa Bruno
- Parfois - Modessa france
- Longchamp
- Michael Kors
- Lancaster Maroquinier
- Lacoste Groupe
- Vinted
- Anakiara
- Louis Vuitton Malletier
- Polène
- Couleur Sedona
- Goyard (Algo Groupe)
- Heimat Atlantica
- Léo et Violette
- Mansur Gavriel
- Nat & Nin
- PÖ&ME
- Shrimps
- Sonia Rykiel
- Staud
- Tammy & Benjamin
- Valencroix
- Yuzefi
- Zoatl
- Cabaia Valtex
- Hermès International
- H&M Groupe
- Leboncoin (Adevinta Group)
- Vestiaire Collective
- Guess
- Inditex groupe (Zara)
- Jacquemus
- Camille Fournet Maroquinerie
- Jérôme Dreyfuss
- Swildens
- Mellow Yellow - Groupe Eram
The handbag market - United States
Other companies mentioned:
- LVMH Groupe
- Kering
- Target
- Walmart
- H&M Groupe
- Michael Kors
- Shein
- Inditex groupe (Zara)
- Mango
- Louis Vuitton Malletier
- Chanel
- Chloé
- Le Tanneur
- Lacoste Groupe
- Lancaster Maroquinier
- Longchamp
- Hermès International
- eBay
- Vestiaire Collective
- Asos
- MACY's
- Vinted
- The Real Real Inc. Company
- Bloomingdale's
The handbag market - Italy
Other companies mentioned:
- Gucci
- Hermès International
- LVMH ITALIA S.P.A.
- Prada Groupe
- Valentino
- Michael Kors
- Yves Saint Laurent Parfums (Groupe L'Oréal)
- Fendi
- Chanel
- Bottega Veneta (Kering Group)