Michael Kors will buy luxury shoemaker, Jimmy Choo, for approximately $1.2 billion, giving Michael Kors a new avenue for international growth and a foothold in the luxury shoe market.
We admire the glamorous style and trend-setting nature of Jimmy Choo designs. – Michael Kors
Jimmy Choo was started in 1996 by British Vogue editor Tamara Mellon and designer Jimmy Choo. It’s stilettos, which often cost north of $1,000, quickly became a favorite among celebrities like Sarah Jessica Parker and Princess Diana.