Luxury
Michael Kors and Coty shares hit by weak European sales
Shares in Michael Kors plunged on Wednesday following weaker-than-expected sales at its namesake brand. Sales at Michael Kors stores open for at least 12 months fell 2.1%, while licensing revenue was down almost 7%. The US fashion firm has responded to the struggles at its core brand by taking over…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: BBC