Michael Kors will buy Jimmy Choo for 896 million pounds
25.07.2017 1972

Michael Kors will buy Jimmy Choo for 896 million pounds

The board of directors of Michal Kors Holdings Limited and Jimmy Choo PLC said they reached an agreement on Tuesday to acquire Jimmy Choo's stake in Michal Kors-owned JAG Acquisitions, Footwear News writes.

According to the terms of the deal, the buyer will pay pounds for each share of Jimmy Choo 2,30 pounds, in general, the company's share capital was estimated at 896 million pounds ($ 1, 2 billion).

British luxury shoe brand Jimmy Choo was founded in 1996 by businessman Jimmy Chu and former editor of British Vogue magazine Tamara Mellon. In 2001, the businessman sold his stake in the company (50%) for £ 10 million, since then the brand has changed owners several times.

Michael Kors is an American brand of clothing, shoes, perfumes and accessories. Founded by Michael Kors in 1981.

More on TASS:
The board of directors of Michal Kors Holdings Limited and Jimmy Choo PLC announced that on Tuesday they reached an agreement to acquire Jimmy Choo's stake in Michal-owned JAG Acquisitions ...

Latest News

Lacoste has released a retro model of the T-Point sneakers

For the new T-Point urban sneaker, Lacoste's designers were inspired by the Tennis '91 sports shoe, which first appeared in the French brand's collection in 1991 ...
09.05.2021 150

Muscovites return to shopping centers

According to "Kommersant" with reference to the Shopping Index of the analytical company Watcom Group, in the past three weeks the attendance of shopping centers in the capital has shown a steady positive ...
30.04.2021 437

Ralf Ringer took part in the children's fashion show at Moscow fashion week

On April 17, as part of the Moscow fashion week, a show of clothes created according to the sketches of 10-year-old Zoya Kukushkina was held. The Ralf Ringer company took part in the show-show of children's T-shirts "Saveit". Young models took to the podium in shoes ...
30.04.2021 402

adidas Originals and LEGO Group unveil ZX 8000 'Bricks' collection

adidas Originals and toy company LEGO Group launch their second collection. The design of the collection combines the recognizable aesthetics of the Danish brand with one of the key silhouettes ...
30.04.2021 557

Vivienne Westwood re-releases iconic Super Elevated Ghillie shoes

In the spring-summer 2021 season, the Vivienne Westwood collection has a replica of the iconic Super Elevated Ghillie shoes, which were first demonstrated at the Vivienne Westwood show called Anglomania in 1993 by top model Naomi ...
29.04.2021 482
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning