Michael Kors is scheduled to debut in the stock market.

Michael Kors Holding, the luxury fashion company founded by designer Michael Kors three decades ago, has made a successful stock market debut. The company's initial public offering (IPO) took place at the New York Stock Exchange, with Michael Kors and his partners ringing the opening bell to mark the occasion.

The company, trading under the symbol KORS, was valued at $3.8 billion (€2.9 billion) following the IPO. The company set the price of each share at $20 (€15.4), and in its first offering, a total of 47.2 million shares were distributed. This initial sale brought in a total of $944 million (€383.4 million) for Michael Kors Holding.

The success of Michael Kors Holding's IPO is a testament to the company's growth and popularity in the fashion industry. The company's development was greatly aided by the resources provided by Canadian entrepreneur Lawrence Stroll and Hong Kong entrepreneur Silas Chou. Stroll, born in 1959 in Montreal, is known for his work in the fashion industry, having introduced the Ralph Lauren brand to Europe and co-investing with Chou in various fashion brands. In 2003, Stroll and Chou bought the majority of the capital for Michael Kors' company.

Before investing in Michael Kors, Stroll and Chou had previously injected necessary resources into the company Tommy Hilfiger. Their involvement in the fashion industry has been significant, and their investments have helped shape the landscape of luxury fashion.

With the successful IPO behind them, Michael Kors Holding is poised to continue its growth and success in the fashion industry. The company's debut on the stock market is an exciting milestone for Michael Kors and his team, and it marks a new chapter in the company's history.