Michael Kors To Acquire Jimmy Choo In $1.2 Billion Deal
Michael Kors is trying to shore up declining demand for expensive handbags and says it aims to double the annual sales of the smaller footwear and accessories brand.
Luxury fashion brand Michael Kors says it has reached a nearly $1.2 billion deal to acquire footwear and accessories brand Jimmy Choo.
The boards of both companies , which is expected to close in the fourth quarter of 2017.
