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Michael Kors Holdings completed acquisition of Jimmy Choo

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Staff Writer |
Michael Kors
Acquisition   230 pence per share

Under the terms of the transaction, Jimmy Chooshareholders received 230 pence per share with a total transaction value of approximately $1.35 billion.

John D. Idol, chairman and chief executive officer of Michael Kors Holdings Limited, said, "We are thrilled to have completed the acquisition of Jimmy Choo, which brings together two iconic brands to create a global fashion luxury group.

"Jimmy Choo has a rich history as a leading global luxury house, renowned for its glamorous and fashion-forward footwear, and is an excellent complement to the Michael Kors brand.

"We believe this combination further strengthens our future growth opportunities while also increasing both product and geographic diversification.

"We look forward to partnering with chief executive officer Pierre Denis, creative director Sandra Choi and the rest of the team as we grow the business globally while continuing to support the strong brand equity that Jimmy Choo has built over the last 20 years."

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