Michael Kors acquires luxury shoe brand

6By Amber Monaé

Jimmy Choo was founded in 1996 and quickly skyrocketed to the top of the luxury shoe ranks thanks to red carpet placements and a new hit show called “Sex and the City,” the show was a game changer for the brand. Jimmy Choo changed hands through private companies a few times before becoming the first luxury shoe brand to go public in 2014.

Michael Kors CEO John D. Idol confirmed that Jimmy Choo CEO Pierre Denis will stay on, as will creative director Sandra Choi. “Ms. Choi and the rest of the highly-talented management team have done a tremendous job, and this continuity of leadership will ensure that the DNA of Jimmy Choo is maintained as we work together to continue to grow the brand globally.

Interestingly enough, Coach (MK competitor) recently acquired Stuart Weitzman 2 years ago.

 

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