BAM! Michael Kors just bought Fashion PowerHouse Jimmy Choo.

The Fashion PowerHouse Jimmy Choo has been on the market since April 2016. The brand had struggled since the early 200s to maintain the status it had build the previous years.

Well this was an opportunity to the retail house success brand such as Michael Kors who just offered 896 millions pounds to buy Jimmy Choo in what is the latest sign of consolidation in the high end fashion market.

So the negotiation is not final yet but spokesperson John Idol for Michael Kors have already said that this is their final offer unless there is an offer from a third party.  “We believe that Jimmy Choo is poised for meaningful growth in the future and we are committed to supporting the strong brand equity that Jimmy Choo has built over the last 20 years.”

SEE ALSO: Prada launches FW 2017 campaign

 

The negotiation is to is expected to be done by the end of 2017.

 

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