Michael Kors: The latest figures, news and market research on Michael Kors

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 8

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