Michael Kors to buy Jimmy Choo for £896m

Michael Kors has reached an agreement with Jimmy Choo to acquire the entire share capital of the iconic fashion brand. The deal is valued at £896m, representing a 36.5% premium on Jimmy Choo’s share price at the close of business on 21 April 2017. Michael Kors will support the growth of Jimmy Choo through retail store openings and further development of its online presence, as well as expanding the brand’s product range.

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