Michael Kors Buys Jimmy Choo

If you love high end fashion, this announcement is for you! This just in, American designer Michael Kors has bought the luxury British shoe brand for $1.2 billion.

Jimmy Choo was put up for sale in April, and finally someone has agreed to match their price. Jimmy Choo is a high end shoemaker that is known for catering to stars such as Beyoncé, Lady Gaga, Kate Middleton, and so on. Michael Kors is a luxury but affordable brand, that caters to everyone that wants the runway look at a significantly lower price than its competitors. They're known for selling clothing, handbags, shoes, and accessories.

The two companies believe that this partnership will boost sales, and allow for meaningful growth in the future. Be on the look out for some more fabulous material, because the best is yet to come!

~Ashley Lambert
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