Following recent IPO, Michael Kors owners are eyeing Vera Wang
American fashion house Michael Kors announced its IPO on Friday, its valuation being estimated at $3.6 billion. Private investors Silas Chou and Lawrence Stroll backed Kors even after his business faced bankruptcy in the nineties.
American media reports that Chou and Stroll are considering investing in Vera Wang. While Wang currently runs several very successful licensing partnerships with Kohl’s, David’s Bridal, and Zale’s, her main collection comprises a relatively small part of her business, and Chou and Stroll may be looking to invest in its growth. WWD reports that a deal is probably still a ways off, but that Chou and Stroll are in talks with Wang’s husband, Arthur Becker.