Search

Breaking news: Michael Kors buys Jimmy Choo for Dhs4.9 billion

Breaking news: Michael Kors buys Jimmy Choo for Dhs4.9 billion

Joining forces

Text: Meeran Mekkaoui

Editor: Shannon Wylie


Image: Jimmy choo

Michael Kors' fashion house has just snapped up one of the world's most coveted luxury footwear brands. Buro 24/7 Middle East has the details...

It's confirmed! American fashion brand Michael Korshas just announced that it will acquire London-founded luxury shoe brand, Jimmy Choo. First put up for sale in April by JAB Holding — a European investment group which focuses on companies with premium consumer goods — Jimmy Choo will be bought for Dhs4.9 billion, with the goal that both brands will collaborate to achieve new avenues of growth and strengthen their online existence. 

Michael Kors' move comes a year after Balmain was bought by a Qatari investment fundMayhoola. Stay connected with Buro 24/7 Middle East for more fashion news.




Related articles

Buro 24/7 Selection

More