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Michael Kors posts slowest revenue growth since going public

2015-05-27 17:21:02| Apparel - Topix.net

Michael Kors Holdings Ltd reported its slowest quarterly revenue growth since it went public in December 2011 as demand for its handbags and accessories weakened in North America, its biggest market. Shares of the company, which also forecast full-year sales and profit below analysts' expectations, fell as much as 19 percent to a two-and-a-half-year low of $49.03 on Wednesday.

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