Michael Kors (KORS) insiders plan to sell over $1B worth of stock in a secondary offering, with...

|About: Michael Kors Holdings (KORS)|By:, SA News Editor

Michael Kors (KORS) insiders plan to sell over $1B worth of stock in a secondary offering, with founder Michael Kors due to offload 3M shares and CEO John Idol 1.7M. The offering will come just three months after the fashion company's IPO after banks waived the 180-day "lockup" restrictions. (see also)