Success surrounds Michael Kors Holdings

Venture capital and private equity firms that invested in Michael Kors Holdings prior to its December IPO are making out like bandits, as the company's shares rose as much as 26 percent earlier this week, DealBook reports.

According to CNN Money, Kors planned to raise nearly $800 million through its IPO, as it looks to capitalize on the rising luxury retail sector.

Kors is the second-most successful debut out of the 125 IPOs made in 2011, trailing only technology company InvesSense, DealBook adds. Plus, it is outperforming other popular tech stocks such as Zynga and Groupon.

"Michael Kors has strong and expanding global recognition as a brand that embodies the jet-set lifestyle that consumers aspire to," John Idol, Kors chief executive, told the news source. "We believe that we are well positioned to continue to build our global luxury lifestyle brand, and that we have a tremendous opportunity for growth."

The luxury channel in general has outperformed the underwhelming economy, as both Ralph Lauren and Coach have also reported strong earnings lately.

Kors opened 28 new stores during 2011's third quarter, and now operates 231 facilities worldwide.

KLR is one of the largest CPA firms in Boston, and offers assistance to venture capital firms. These include internal audit assessments as well as international tax services and specialized tax services such as cost segregation, research and development and energy studies. Due diligence for buyers and preparedness for sellers can also be provided during the acquisition process.