News

Michael Kors buy Jimmy Choo

Jimmy Choo, maker of expensive shoes and fashion accessories, has a new owner. The American professional Michael Kors pay 896 million pounds (1 billion euros) for the British fashion brand that himself earlier this year in the shop window put.

© REUTERS

The investor JAB Holding company, who Jimmy Choo bought in 2011 and also the owner of Douwe Egberts, sold luxury brand Jimmy Choo to handtassenmaker Michael Kors. JAB wants to focus on her tea and broodjesmerken.

Business or Fashion shows in the acquisition of a consolidation of the luxury industry. So bought Michael Kors rival Coach Inc. earlier this year, Kate Spade & Co.

The current management of Jimmy Choo would be, according to Michael Kors simply appointed keep.

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.

Most popular