Woah! Michael Kors buys Jimmy Choo for 1 billion euros

Michael Kors buys Jimmy Choo

The fashion label Michael Kors has struck and bought the famous shoe brand Jimmy Choo for almost 1 billion euros, as the company announced. With the purchase, the American luxury label is trying to stabilize its declining sales.

Women love Jimmy Choo

Jimmy Choo's shoe creations make the hearts of women around the world beat faster. Not least "Sex and The City" icon "Carrie Bradshaw" is a big fan of the label and Michael Kors is now building on this popularity.

New concept for Jimmy Choo?

But the shoe lovers can breathe easy - the concept and design of Jimmy Choo shoes should not change. Jimmy Choo has been up for sale since April. In 2011, the German entrepreneurial family Reimann and its holding JAB bought the company, which now wants to focus on the coffee business.

ZEITGEIST: MOVING FORWARD | OFFICIAL RELEASE | 2011 (May 2024).