American fashion house Michael Kors will open a new flagship boutique in the center of Moscow, in Stoleshnikov Lane. The store has an area of about 200 sq. m will feature collections of women's clothing, a line of shoes, jewelry, sunglasses and fragrances. Also in the boutique, designed in the casual-chic style inherent in the brand, there is a VIP zone for individual consultations and trying on.
The crisis in Russia did not prevent the development plans of the Michael Kors group, which has been steadily growing in double-digit numbers for several years in a row. According to the latest published data, the brand’s turnover for the first 9 months of the current 2014-15 financial year amounted to 3,3 billion dollars, which is + 37,5% compared to the previous reporting period. Net income reached 1 billion, an increase of 30,4%. According to preliminary estimates, the consolidated revenue for the year will be approximately 4,4 billion dollars.
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