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First the handbag, now shoes to match: Michael Kors buys upscale shoemaker Jimmy Choo for $1.2 billion

Aaron Schrank Jul 25, 2017
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First the handbag, now shoes to match: Michael Kors buys upscale shoemaker Jimmy Choo for $1.2 billion

Aaron Schrank Jul 25, 2017
HTML EMBED:
COPY

Jimmy Choo has been among the biggest names in high-end shoes for decades, but the company put itself up for sale in April. Today, fashion house Michael Kors announced it’ll buy the British footwear brand for $1.2 billion. Kors has been struggling recently and announced in May it’s closing more than 100 stores. Can this acquisition help turn things around?

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