Reported Monday.

The company could sell a stake of about 25 percent in the coming months in what would be one of the fashion industry’s largest deals of recent years, the paper said, citing sources. If the designer sold a 25 percent stake for $500 million, the deal would value Michael Kors at $2 billion, twice the company's annual revenue.

When looking at the value in terms of a multiple of annual earnings before interest, taxes, depreciation and amortization, a method Wall Street often uses, Kors would be valued higher than Italian fashion giant Prada, which went public this month on the Hong Kong stock exchange.

Pride Week may have officially ended this past weekend, but the passing of the Same-Sex Marriage Law on Friday night means that Pride Week is getting its second wind. In celebration, a slew of West Village stores have covered their storefronts in rainbow flags, but a few have gone further, theming their whole windows around the gay marriage struggle. These are the Rainbow Windows .

It's crazy to think that this is Michael Kors's first Pride Week with his new location on Bleecker Street. The store has only been open for six months and already we'd quickly award it the best Pride windows in the area. The concept—in partnership with the Human Rights Campaign —is fully focused on the same-sex marriage law.

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