![Four Seasons Private Island Maldives at Voavah, Baa Atoll](https://cache.luxurydaily.com/wp-content/uploads/2016/06/Four-Seasons.maldives-185.jpeg)
Luxury Daily's live news from June 1:
Michael Kors plans wholesale reduction for 2017 fiscal year
U.S. fashion brand Michael Kors has reported a total revenue increase of 10.9 percent to $1.2 billion for the fourth fiscal quarter of 2016, up from $1.1 billion in the year-ago period.