Michael Kors Acquires Jimmy Choo In $1.4 Billion Deal

Michael Kors says that it’s acquiring Jimmy Choo in a 1.4 billion dollar deal, which is only slightly more expensive than their shoes.

Jimmy Choo put itself up for sale a few months ago after slumping sales, which isn’t a huge shock as the luxury goods industry as a whole is starting to slump.

The new deal is supposed to give Michael Kors more opportunity in selling footwear and other accessories, and plans to double Jimmy Choo’s sales in the next year.

Maybe we’ll see some cheaper Michael Kors and Jimmy Choo’s shoes and bags? We hope!

More from Dan & Michelle
Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From KYMX Mix 96

Get The App
Follow Us On Facebook

Listen Live