Among the companies expected to go public in the near future? Neiman Marucs, which WWD reports is coming off of a “strong year,” with plans to expand overseas through digital formats to supplement its “more mature U.S. presence.”
And despite Tory Burch’s statement that an IPO is “not going to happen anytime soon,” the investment community disagrees. Apparently they see Burch’s company as the next Kors–and investors are already lining up to but a stake in the company. Though, of course, they’ll have to wait until that whole messy lawsuit with ex-husband and business partner Chris Burch gets sorted out.
While going public might turn out to be the hottest trend of 2013, experts in the financial and investment community warned that not every company should hop on the bandwagon.
“Everybody just shakes their head at Kors and says, ‘If Michael Kors is worth that, I’m worth this,’” investor John Howard, chief executive officer of Irving Place Capital, told WWD. “It’s like everybody’s a little crazy. Everybody sees what’s possible in this world when you have a brand and somehow [they] think they have a brand, but there are very few [like] Michael Kors.”