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Michael Kors looks to go public
New York City -- Michael Kors Holdings Ltd. is looking to raise as much as $792.3 million in an initial public offering that could value the company at $3.63 billion.
The luxury brand, which has 169 stores in North America and 34 in Europe and Japan, said in a regulatory filing that it is offering 41.7 million shares on behalf of existing shareholders for $17 to $19 each.
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Simons opens its first outlet center in Southeast Asia
Indianapolis -- Simon Property Group announced that, in 50/50 partnership with Genting Berhad, it has opened Johor Premium Outlets, its first Premium Outlet Center in Southeast Asia.
The center encompasses 173,000 sq. ft. of gross leasable area featuring 80 stores and is located in Johor Bahur, Malaysia. A grand opening celebration will take place on December 11, 2011.