Jimmy Choo bought by Michael Kors in multimillion pound deal

Jimmy Choo bought over by Michael Kors in multimillion pound deal

The deal for the luxury shoe brand is worth a total of £896 million (Stock photo)

Tuesday, July 25, 2017

Jimmy Choo has been bought by fellow fashion brand Michael Kors in a deal worth £896 million.

The luxury shoe brand put itself up for sale following a strategic review in April, and Michael Kors stepped up to purchase the company.

In a statement, the latter said it was an “ideal partner” for Jimmy Choo, and how it would support its growth by increasing the number of retail stores and building its online presence.

The statement made clear chief executive Pierre Denis and his management team would continue to maintain their current operations.

Jimmy Choo is popular with a number of celebrities, like Jennifer Lopez, Beyonce, and the British monarchy, with the Duchess of Cambridge among its clients.