Michael Kors Earns Far Less Than We Thought

Michael Kors's Mother Keeps Her Sweaters in the Freezer!

On top of that, despite his companys success following its IPO , the designer took a massive 46.6 percent pay cut, slicing over $6 million from his yachting budget this year. Last fiscal year, Kors took home $13.6 million and call us money-grubbing, but that already sounds low. Were no math wizards, but it seems like somethings not adding up for our favorite perma-tan designer , and its totally making us rethink our plan to helm a billion-dollar company and go public. Related Links:

Michael Kors goes from fashion to beauty, launches line of cosmetics, scents and body products

by Tweet Thought that would get your attention! It's trueMichael Kors grew up in a household where some delicate clothing was kept in cold storage. "We had a freezer full of angora sweaters," the designer says. "My mother said it was so they wouldnt shed. It works. Mother knows best. Thats just one of the gems Kors shared last week at a preview of his pre-fall 2013 collection, held at his Madison Avenue store for members of the Couture Council of the Museum at FIT. Kors will receive the Councils Artistry of Fashion Award in September to honor his lasting contribution to the industry. Standouts in his Pink-Lady-meets-Park-Avenue presentation were a hot pink mink stole, a slinky bustier dress, and a silk printed coat. Despite the fitted silhouettes and unapologetic abundance of fur and leather, all of the pieces seemed genuinely wearable on the street, not just the runway. As Kors said, I'm just as thrilled Michael Kors Handbags Outlet Sale to dress Gwyneth when she picks up her kids as when she's on the red carpet." Now if only there were a way to get Kors just as thrilled to dress me.

The collections will feature fragrances, nail products, cosmetics and body care. AFP RELAXNEWS Fashion designer Michael Kors' new cosmetic line will hit shelves this fall. Related Stories New York City-based designer Michael Kors has added scents, color cosmetics, and a body care range to his beauty line-up. According to an interview with WWD magazine, Michael Kors will launch a color cosmetics line this fall. In the US, Macy's will have 12-month exclusivity in its 660 stores for the products, which will also go on sale in Canada in 300 locations of The Bay and will be available at Michael Kors locations globally. RELATED: HALLE BERRY, MICHAEL KORS FIGHTING HUNGER Not all of the products will go on sale in all stores, with a select number of flagships stocking the whole range. The line is split into three collections -- Sporty, Sexy and Glam -- and has been produced in collaboration with beauty giant Estee Lauder.