Michael Kors is buying Jimmy Choo!


According to Forbes, Michael Kors is one of many upscale brands to experience a decline in sales and profit during the last few years. Less-expensive, and fast-fashion brands like H&M and Zara have become the competition; but with this new $1.2 billion deal, Michael Kors could have a new avenue for growth! MK purses can be found for as low as $70 now-a-days, while a pair of Jimmy Choo shoes can cost you anywhere between $425 and $3k. You do the math.


MK says they plan to not only open new Jimmy Choo retail stores, but also develop the brand’s online presence. Three words: Secure the bag.


Thoughts, Roommates?


Source: Forbes, https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/laurengensler/2017/07/25/michael-kors-buys-jimmy-choo-for-1-2-billion/&refURL=https://www.google.com/&referrer=https://www.google.com/


TSR STAFF: Chantel P.! @_popchanny on IG!


Join the conversation or start it! Comment below:

other roommates are saying...

Welcome to the new Shade Room. Sign Up for Our Newsletter and Never Miss the Tea
You know you never want to miss the tea. Sign up for our email newsletter and get 2 emails a week + exclusive info!