Jimmy Choo is being bought over, but worry not!

Over the recent years Jimmy Choo has become the must have brand for wedding shoes, particularly since one of their statement pieces: the shimmering gold glitter heel complements the traditional red Indian outfit so well! The blend of western and Indian tradition means all brides can strut around on their big day in their luxury brand shoes without the fear of lack of coordination. But what is the latest news we are hearing about the acquisition? and what does that mean for all brides?

Photography: jodi__clickers

So, as we know, the great fashion firm Michael Kors, has bought luxury shoe brand Jimmy Choo, for a whopping 1000 million euros (897 million pounds in particular) – a sum so high that it  revolutionises the sector!

In April, the shoe company was declared for sale, only two years after its departure to the London Stock Exchange. Before the news of the market, Michael Kors attacked and took the lead on the operation, which is presumed as the union of two powerful brands to deal with their economic misalignments and the loss of draft in the public in the last time. Thus, the expansion of the catalogue of brands is obvious, but both companies will retain their essence and the independent way of doing business. – So gentlemen, continue to expect the wish lists from your ladies because these edgy designs and bedazzled heels are just what they want!

The operation is yet another example of the behavior that many luxury companies are showing to consolidate. 2017 showed Coach acquire Kate Spade & Co. for 2400 million dollars. The acquisition will be carried out through a bridge loan of JPMorgan Chase Bank and Goldman Sachs Bank USA, which does not violate the requirements established in Great Britain.

Cordon PressPhotography: Cordon Press

The news was made official with the approval of the transaction by the board of directors of both Michael Kors and Jimmy Choo. This will formally take place during the last quarter of the year. At the moment, it is known that Michael Kors will pay 230 pence per share, which represents an 18% premium on the closing of the Stock Exchange.

Cordon PressPhotography: Cordon Press

Jimmy Choo is one of the most adored designers in the world of shoes, because his presence in the fashion sector has dazzled without reaching saturation. In fact, these spectacular designs are worn by many actresses such as Deepika Padukone and Kareena Kapoor. It has 150 stores in the world, and grossed to 364 million pounds last year.

Cordon PressPhotograph: Cordon Press

Michael Kors in 1981 was identified as one of the top affordable luxury brands. However, changes in the sector, have resulted in a negative impact on the brand and therefore this acquisition intends to help remodify them, acting as the first step to recovery. (At the moment, these irregularities have meant the closure of 125 stores for the brand.)

So the brides need not worry! – despite Michael Kors’ acquisition of Jimmy Choo, the former will  continue designing beautiful shoes for your big day. Brides do not forget to check out their perfume and purse range to complement your gorgeous outfit.

More information about

Leave a comment

January 19, 2018 - Cardiff, United Kingdom - Photo by: KGC-375/STAR MAX/IPx.2018.1/19/18.Prince Harry and Ms Meghan Markle  visited Cardiff Castle. (Credit Image: © Starmax/Newscom via ZUMA Press)
Who Of These Designers Will Be Chosen To Make Meghan Markle's Wedding Dress?
Who will take the crown? Will we find out in the coming weeks, or will she follow Kate Middleton's footsteps and leave it until the day of the wedding!
Credits: Cordon Press
The Best Looks From The 2018 BAFTA Awards
The movement Time's Up against inequality and harassment dominated the British red carpet. A black dress code was set to show support for the campaign. Find the best looks from this years BAFTA awards 2018.
Physicist Stephen Hawking's Great Love Story
Physicist Stephen Hawking's Great Love Story
Breaking News: Stephen Hawking, dies at the age of 76 at his home in Cambridge. Take a trip down memory lane and read his story of love.

Create your own amazing wedding website for free in two clicks

Fully customizable with hundreds of designs to choose from. See more designs >

List your Wedding Business with Zankyou
If you have a company or you're a wedding professional, Zankyou gives you the opportunity to advertise your services to thousands of couples who choose us to organize their weddings in 23 different countries. More information