Wednesday, July 9, 2014

Two Thumbs Up for Kors-Luxottica Deal

The investment bank and asset management company “Piper Jaffray believes the recently signed 10-year license agreement between Michael Kors and Luxottica  represents a multi-year opportunity for both companies,” according to Yahoo!Finance. “After meeting with Luxottica, Piper believes the company's goal of $100M in wholesale sales in three years could prove conservative given the growing appeal for the Michael Kors brand.” See the story.

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