Michael Kors acquired Jimmy Choo for $1.35bn

Michael Kors Holdings Limited, a global fashion luxury brand, has reached an agreement to acquire Jimmy Choo PLC, a premier global luxury footwear and accessories brand. Under the terms of the transaction, Jimmy Choo shareholders will receive $2.3 per share, with an enterprise value of approximately USD $1.35bn. The transaction has been approved by the Boards of Directors of both Michael Kors and Jimmy Choo. “We are pleased to announce the acquisition of Jimmy Choo, an iconic brand with a rich history as a leading global luxury house." John D. Idol, Michael Kors Chairman and Chief Executive Officer.