Michael Kors Set to Join the S&P 500
PR Newswire
NEW YORK

NEW YORK, Oct. 28, 2013 /PRNewswire/ -- Michael Kors Holdings Limited (NYSE:KORS) will replace NYSE Euronext Inc. (NYSE:NYX) in the S&P 500 after the close of trading on Friday, November 1. S&P 500 constituent IntercontinentalExchange Inc. (NYSE:ICE) is acquiring NYSE Euronext in a deal expected to be completed on or about that date pending final approvals.

Michael Kors engages in the design, marketing, distribution, and retailing of branded women's apparel and accessories, and men's apparel. Headquartered in Hong Kong, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Apparel Accessories & Luxury Goods Sub-Industry index.

Following is a summary of the change:

S&P 500 INDEX – Friday, November 1, 2013

 

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Michael Kors

Holdings

Consumer Discretionary

Apparel Accessories &

Luxury Goods

DELETED

NYSE Euronext

Financials

Specialized Finance

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

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