1. Michael Kors Shares Fall As Major Shareholder Sells 5.7% Stake

    Michael Kors Shares Fall As Major Shareholder Sells 5.7% Stake

    Shares of luxury retailer Michael Kors are down 5% in early Friday trading following an after-hours announcement Thursday evening that one of its founding investors, major shareholder Sportswear Holdings, is selling its 5.7% stake in the company...

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