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