Michael Kors Buys Over Jimmy Choo For RM5,000,000,000 - The Coverage

Michael Kors Buys Over Jimmy Choo For RM5,000,000,000

Wow…this news just got in and fashionistas are squealing over it!

Michael Kors just bought the legendary Jimmy Choo over for RM 5 billion when he is only worth (net) RM 214 million. Guess someone hit the jackpot, right?

Jimmy Choo brand that rose to fame during the late 1990s because of the boasting of high-profile devotees like the late Princess Diana.

Michael Kors is like on a big roll as just earlier this year they agreed to buy Kate Spade & Co and now Jimmy Choo…damn man! For your info, the handbag maker will be paying 230 pence a share to Jimmy Choo and a premium of 18% over Monday’s close.

It also seems that MK would be keeping Jimmy Choo’s existing management team, led by chief executive officer Pierce Denis.

Well, I’ll be damned… so for those businessmen and women out there who plans to make it big, just know that there is a chance that MK could be interested in your goods!

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