Michael Kors Shares Soar; Michael Jackson Estate Collaborates on Sunglasses Design
Michael Kors Shares Soar
Michael Kors shares soared 22 percent on Tuesday after a favorable first-quarter report showed that the brand's strategy of cutting down on promotions and selling more premium handbags was paying off. The company also forecasts an additional $275 million in sales in the second half of the year ending March 2018, thanks to the recent acquisition of Jimmy Choo.
Michael Jackson Estate Collaborates With Illesteva
The King of Pop lives on. Michael Jackson's estate has collaborated with New York-based eyewear brand Illesteva on a new pair of gold sunglasses inspired by the late legend's onstage shades. The style features a single sheet of the mirrored gold lens and is engraved with Jackson's signature in the upper right corner. Only 200 of the limited-edition glasses will be available at select Illesteva stores and online for $240 beginning Tuesday.
Heidi Klum, Christian Siriano Participate in Fashion Auction for Charity
Charitybuzz is auctioning off one-of-a-kind fashion experiences — from two tickets to the season finale of Project Runway and the opportunity to meet Heidi Klum to a chance to be Kelly Cutrone's assistant for a day — to raise money for various non-profit organizations. Each designer or industry person participating in the auction has chosen a non-profit to which the proceeds will be donated (PETA and Fashion Fights Cancer are among the organizations named). Bidding is now open through Aug. 24. The curated selection of fashion experiences is part of the online organization's new Charitybuzz Curates program, which will also include an auction of Hollywood experiences in October.