Game rules change: Michael Kors has bought Jimmy Choo for over a billion dollars!

Game rules change: Michael Kors has bought Jimmy Choo for over a billion dollars!


The fashion world has stayed in shock yesterday – brands Michael Kors and Jimmy Choo announced that the famous American brand Michael Kors would soon become the owner of the famous British footwear shoe Jimmy Choo ) and the value of this “shop” is estimated at $ 1.2 billion !

This move was a logical consequence of the circumstances – market situation is changing, luxury brands are harder to survive although there are those, such as Gucci who continue to succeed. This agreement between the brand Michael Kors and Jimmy Choo came in just two months after a similar move was made by the brands Coach and Kate Spade , With Coach bought Kate Spade for 2.4 billion

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