Michael Kors to Acquire Jimmy Choo for $1.2 Billion

That’s a lot of shoes: Michael Kors Holdings has officially agreed to buy luxury shoe brand Jimmy Choo for a cool £896 million, or $1.2 billion.Jimmy Choo was founded in 1996 by Tamara Mellon and Jimmy Choo and quickly rocketed to the top of the luxury shoe rack thanks to celebrity red carpet …

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Michael Kors to Acquire Jimmy Choo for $1.2 Billion posted first on http://fashionista.com

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