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Michael Kors acquires Jimmy Choo

Jul. 25, 2017 5:10 AM ETCapri Holdings Limited (CPRI) StockBy: Clark Schultz, SA News Editor14 Comments
  • Michael Kors (KORS) agrees to acquire Jimmy Choo (OTC:JYMHF) for $1.2B. The company expects to grow Jimmy Choo sales to $1B a year and create long-term operational synergies with the MK business.
  • The deal follows a move earlier this year by luxury rival Coach (COH) to snap up Kate Spade.
  • Shares of Michael Kors are down 19% YTD.

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