Michael Kors to take Jimmy Choo


Michael Kors to take Jimmy Choo

Michael Kors is to acquire the majority stake in Jimmy Choo from JAB for a consideration of around US $896 million. The Jimmy Choo management team will be retained after the acquisition which will, according to Michael Kors CEO, enable Jimmy Choo to grow through new store openings, further development of its online business, as well as applying the brand to additional fashion products.

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