American company Michael Kors is buying the UK luxury footwear brand Jimmy Choo. Kors is acquiring the firm through a wholly-owned subsidiary. Jimmy Choo has been powering ahead in recent periods with the company’s latest half-year results showing it grow sales and margins ahead of the market. It also boosted accessories as a percentage of its overall sales as it has continued to diversify beyond its core footwear offer with bags and sunglasses proving popular. And its men’s business continued to be its fastest growing unit.
The company recorded growth in almost all regions in the latest half, which is bound to be a plus for its soon-to-be new owner. US-based Kors is a global handbag and apparel empire. The label offers clothing, shoes, bags, jewelry, accessories, sunglasses and watches. Men can choose from tailored shirts, sweaters, vests, jackets, pants, wallets, card cases, messengers and totes. For women there are fit and flare, sheath, or shift dresses, platforms, heels, wedges, clutches, earrings, bracelets, rings, necklaces.
Synonymous with luxury style and effortless polish, Michael Kors has a sophisticated, jet-set aesthetic. Known for his laidback, luxurious, wearable and quintessentially American silhouette, designer Michael Kors started his label in 1981 and has dressed Hollywood actresses, music superstars and first ladies.