LONDON--(BUSINESS WIRE)--
Michael Kors Holdings Limited (NYSE:KORS) (the “Company”), a global
fashion luxury group, today announced that it will no longer use animal
fur in its products, with production being phased out by the end of
December 2018.
“I am pleased to announce our company’s commitment to no longer use
animal fur in our Michael Kors and Jimmy Choo collections,” said John D.
Idol, the Company’s Chairman and CEO. “This decision marks a new chapter
as our company continues to evolve its use of innovative materials.”
“Due to technological advances in fabrications, we now have the ability
to create a luxe aesthetic using non-animal fur,” said designer Michael
Kors. “We will showcase these new techniques in our upcoming runway show
in February.”
About Michael Kors Holdings Limited
Michael Kors Holdings Limited is a global fashion luxury group,
consisting of iconic brands that are industry leaders in design, style
and craftsmanship. Its brands cover the full spectrum of fashion luxury
categories including women’s and men’s accessories, footwear and apparel
as well as wearable technology, watches, jewelry, eyewear and a full
line of fragrance products. The company’s goal is to continue to extend
the global reach of its brands while ensuring that they maintain their
independence and exclusive DNA. Michael Kors Holdings Limited is
publicly listed on the New York Stock Exchange under the ticker KORS.
Forward Looking Statements
This press release contains forward-looking statements. You should not
place undue reliance on such statements because they are subject to
numerous uncertainties and factors relating to the Company’s operations
and business environment, all of which are difficult to predict and many
of which are beyond the Company’s control. Forward-looking statements
include information concerning the Company’s possible or assumed future
results of operations, including descriptions of its business strategy.
These statements often include words such as “may,” “will,” “should,”
“believe,” “expect,” “seek,” “anticipate,” “intend,” “plan,” “estimate”
or similar expressions. The forward-looking statements contained in this
press release are based on assumptions that the Company has made in
light of management’s experience in the industry as well as its
perceptions of historical trends, current conditions, expected future
developments and other factors that it believes are appropriate under
the circumstances. You should understand that these statements are not
guarantees of performance or results. They involve known and unknown
risks, uncertainties and assumptions. Although the Company believes that
these forward-looking statements are based on reasonable assumptions,
you should be aware that many factors could affect its actual financial
results or results of operations and could cause actual results to
differ materially from those in these forward-looking statements. These
factors are more fully discussed in the “Risk Factors” section and
elsewhere in the Company’s Annual Report on Form 10-K for the fiscal
year ended April 1, 2017 (File No. 001-35368), Quarterly Report on Form
10-Q for the fiscal quarter ended July 1, 2017 (File No. 001-35368) and
other reports filed with the U.S. Securities and Exchange Commission.

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Source: Michael Kors Holdings Limited