For the second quarter ended on the 30th of September total revenue increased by 5.4%, better than expected. The company is going through a transformative moment and recently has acquired Jimmy Choo
Under the terms of the transaction, Jimmy Choo shareholders received 230 pence per share with a total transaction value of approximately 1.35 billion US dollars
With the acquisition of the iconic luxury accessories brand, Michael Kors expects to expand its leadership position in the global fashion luxury segment and strengthen future growth opportunities