World Footwear

Companies

Jimmy Choo shareholders approve takeover

Sep 29, 2017 United Kingdom
Jimmy Choo shareholders approve takeover
Shareholders of the UK-based luxury footwear brand Jimmy Choo have voted almost unanimously in favour of a takeover by Michael Kors
Luxury shoemaker Jimmy Choo confirmed its shareholders voted in favour of the 1.2 billion US dollars takeover by fashion group Michael Kors.

Most of the 318 million votes from the Jimmy Choo's general shareholder meeting held on the 18th of September voted in favor of the deal involving two of the most recognized brands from the fashion world and announced during the summer.

Also Coach, another important player in the fashion segment, has recently announced  a deal to acquire fashion brand Kate Spade, in a movement that seems to indicate that affordable luxury brands are looking into expanding its customers and market bases, with an aim to boost sales.


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