Michael Kors announced today that it has entered into an agreement with Jimmy Choo, a leading global luxury footwear and accessories brand. Jimmy Choo shareholders will receive a purchase price of 230 pence per share, the company market value of about 1.35 billion US dollars. This transaction has been approved by the board of directors of Mike Goshi and Jimmy Choo.
“Pierre Denis will continue to be Jimmy Choo’s chief executive,” said Mr. John Idol, who has been Jimmy Choo’s annual sales growth of 11% since he began his career in 2012. He has more than 25 years of experience In addition, the company’s creative and design team will continue by the creative director Sandra Choi at the helm.Stand from Jimmy Choo start-up in Jimmy Choo work, since 2013, she began to act as creative director Jimmy Choo has developed into an internationally recognized truly iconic luxury brand, with Mr. Denis, Ms. Choi, and other talented members of the management team have done well, through its pioneering vision and outstanding design talent. A lot of work, and the leadership to ensure that the co – operation in the co – operation so that the brand continues to grow in the world at the same time, still able to adhere to Jimmy Choo inherited the idea.
Michael Jors, honorary chairman and creative director of Michael Kors, said, “Jimmy Choo is the leading fashion luxury company with unique footwear, handbags and accessories, and we appreciate Jimmy Choo’s trendy and glamorous design style. Hope to welcome Jimmy Choo to join our family.
Jimmy Choo CEO Pierre Denis said, “We are confident that we will achieve more fruitful results in the future,” said Jimmy Choo, who is the inspirational development phase of our company, and our management team. We look forward to working closely with Michael Kors’ leadership and team to further develop our brand. Our two companies have the same vision in terms of style and trend.We inherit the luxury brand spirit is the cornerstone of Jimmy Choo brand development , We will continue to pass on our brand vision to global consumers. “