Entrepreneurs to Watch This Fashion Week

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Doing What Facebook Hasn't: Michael Kors

IPO action isn't just for tech start-ups. Michael Kors, the Hong-Kong based luxury clothing and accessory retailer, went public in December 2011, in an offering that valued the company at more than $3.6 billion. Not bad for a company that, as recently as 2004, was losing money and had just $20 million in revenue. Kors, a high-school dropout, teamed up with a private equity firm and helped raise the company's revenue to $800 million by 2011 before going public. In March, Kors sold $3.5 million worth of stock--netting him some $116 million in cash. According to Bloomberg Markets' latest ranking of the best-performing initial public offerings, Michael Kors is No. 1.