Jimmy Choo brought by Michael Kors

Luxury shoe brand Jimmy Choo has been brought this week by Michael Kors Holdings for £896m.

Described by the fashion director of the Daily Telegraph as ‘the shoe of choice for the Oscars’.

Michael Kors said the acquisition was expected to deliver a number of benefits including ‘the opportunity to grow Jimmy Choo sales to one billion dollars’ and ‘a more balanced portfolio with greater product diversification.’

Full article available at: http://www.bbc.co.uk/news/business