Davis Polk advised Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Goldman, Sachs & Co. as joint book-running managers in connection with the initial public offering of 54,280,000 ordinary shares of Michael Kors Holdings Limited sold by certain selling shareholders for a price to the public of $1.09 billion, including 7,080,000 ordinary shares that the underwriters purchased pursuant to an over-allotment option. The ordinary shares are listed on the New York Stock Exchange under the symbol “KORS.”

Michael Kors Holdings Limited is a rapidly growing global luxury lifestyle brand led by a world-class management team and Michael Kors, a renowned, award-winning designer. With a presence in 74 countries, Michael Kors Holdings Limited offers accessories (including handbags, small leather goods, eyewear, jewelry and watches), footwear and apparel.

The Davis Polk corporate team included partner Richard D. Truesdell Jr., associates Jonathan C. Pentzien, Jessica Neidhart Agostinho and Kyle D. Bady (not yet admitted), foreign temporary associate Par Johansson (admitted only in Sweden) and former associate Adam Rachlis. Partner Jean M. McLoughlin and associate Emma L. Ahrens provided employee benefits advice. Partner Mary Conway and associate Lauren M. Murphey provided tax advice. Partner Frank J. Azzopardi and associate Randy Samson provided intellectual property advice. Counsel Loyti Cheng and associate Amy E. Turner provided environmental advice. Counsel Marcie A. Goldstein provided FINRA advice. Kristyn M. Dunleavy was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.