Michael Kors acquires Jimmy Choo in billion-dollar deal

The $1.2 billion dollar purchase will see the synergy of two luxury brands, combining specializations in shoe and handbag design. Jimmy Choo is now a wholly-owned subsidiary of Michael Kors, signalling a new era for the two luxury powerhouses. With this move, Jimmy Choo’s diversifying portfolio is likely to boost Michael Kors’ growth, bolstering the…

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