European Commission approves Jimmy Choo acquisitio - footwearbiz: Lead

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European Commission approves Jimmy Choo acquisition

11/10/2017
US leathergoods group Michael Kors looks set to complete the acquisition of UK-based luxury shoe brand Jimmy Choo after the European Commission gave its “unconditional clearance” to the deal.

The European Commission ruled that all conditions related to the deal have now been satisfied and that it can proceed. 

Michael Kors agreed to purchase Jimmy Choo for £896 million ($1.2 billion) in July.

The footwear brand expects the deal to become effective on October 31.

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Jimmy Choo helps Michael Kors to strong quarter 12/02/2018
Michael Kors finalises $1.35 billion deal for Jimmy Choo 03/11/2017
Jimmy Choo shareholders back Michael Kors takeover 22/09/2017
Weak pound continues to boost Jimmy Choo 05/09/2017
Choo purchase buoys Michael Kors 10/08/2017
Michael Kors to buy Jimmy Choo for £896 million 26/07/2017
Jimmy Choo puts itself up for sale 26/04/2017
Jimmy Choo CEO celebrates "landmark year" 08/03/2017

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