MODA
MODA

28 Temmuz 2017

Feet First: Michael Kors Buying Jimmy Choo

The news that Michael Kors plans to buy Jimmy Choo for $1.2 billion (£896 million) confirms that footwear is hot.

From Dior to Prada and Valentino, all luxury brands have footwear as a cornerstone of their retail strategies; it rivals handbags as the current cash cow.

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Michael Kors who has just bought Jimmy Choo was in London in June hosting Tatler's English Roses 2017 at the Saatchi Gallery -GETTY

 

Department stores from Harrods and Selfridges in London, Level Shoes in Dubai and New York's Saks Fifth Avenue, all have vast areas dedicated to shoe business.

And the vibrant success of Christian Louboutin proves that a stand-alone fashion brand can be supremely successful.

 

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Jimmy Choo Autumn/Winter 2017

JIMMY CHOO

 

Pierre Denis, CEO of Jimmy Choo, gave an insight into the success of the brand at the Condé Nast International Luxury Conference in Muscat, Oman, in April this year.

Listen between the phrases and hear that the aim may well have been to whet the appetite of potential bidders for the company. They are rumoured to have included Middle Eastern sovereign wealth funds and international private equity houses.

ETİKETLER: FASHİON , SUZY MENKES , JİMMY CHOO , MİCHAEL KORS