Michael Kors Holdings Limited , a global fashion luxury brand, announced this week that it has reached an agreement to acquire Jimmy Choo PLC, a global luxury footwear and accessories brand.
John D. Idol, Chairman and Chief Executive Officer of Michael Kors, said, "We are pleased to announce the acquisition of Jimmy Choo, an iconic brand with a rich history as a leading global luxury house. Jimmy Choo is known worldwide for its glamorous and fashion-forward footwear. The company is a leader in setting global fashion trends. Its innovative designs and exceptional craftsmanship resonate with trendsetters globally.