You’ve read the title right! Michael will pay 1.2 Billion to take over Jimmy Choo. Michael Kors a brand known for its accessories business, as well as its fabulous handbags, and Jimmy Choo, a unique designer to it’s exceptional shoes, also being known thanks to many citations in fashion publications and Sex and the City, not to mention celebrity fans, like Princess Diana, has nonetheless become synonymous with fashionable footwear.
“The company is a leader in setting fashion trends. Its innovative designs and exceptional craftsmanship resonate with trendsetters globally,” Michael Kors chief executive John Idol said in a statement, according to USA Today.
Michael Kors also said that he plans to expand Jimmy Choo’s online presence, fashion offerings, and new retail locations. So I guess we only wait to see where Michael will go from here. But he made a good choice in this deal but let’s see if he can balance both great