Similar Stories to Michael Kors To Buy Upscale Shoe Brand Jimmy Choo For $1.2 Billion on Bing News

The Week - Business, The Week: Business
Tue, 07/25/2017 - 1:58am

On Tuesday, fashion brand Michael Kors said it has agreed to buy upscale shoemaker Jimmy Choo for $1.17 billion in cash, in a bid to shore up its narrowing profits amid slow growth in its core handbag business. Jimmy Choo has been up for sale since April, when European firm JAB Holding put it on the market.

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