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jimmy choo outlet stores online Michael Kors : to Buy Jimmy Choo for $1.2 Billion--2nd Update 0 07/25/2017 | 09:54am CEST Send by mail :
Last Name : Name : From * : To * : (You can enter multiple email addresses separated by commas) Message : * Required fields By Saabira Chaudhuri

LONDON--Michael Kors is hoping to buy itself some glamour.

The fashion company on Tuesday said it has agreed to acquire upscale shoe maker Jimmy Choo for GBP896 million ($1.17 billion), as it looks to offset slower growth in its core handbag business.

Michael Kors, like its rivals, has struggled to entice American shoppers to pay full price for its luxury handbags amid fierce price competition and an environment of heavy discounting that has pressured profits. Sales of handbags are lagging as women have traded down to smaller, less-expensive purses.

In May, Michael Kors embarked on a turnaround program saying it would close 100-125 of its full-price retail stores and renovate existing stores. The company also reined in the amount of product it sends to department stores, which tend to offer deep discounts, and is trying to get more creative with its designs to get consumers to pay more.

But pressure has mounted on Michael Kors to find new avenues for growth after Coach Inc. in May agreed to buy Kate Spade & Co. for $2.4 billion, in a bid to tap its colorful styles to tap younger consumers to offset slower growth in the handbag market. The handbag market has slowed to about 2% growth from as much as 15% growth six years ago, according to Craig Johnson, an analyst at Customer Growth Partners.

Jimmy Choo has been on the block since April when European investment fund JAB Holding Co. said it was putting the luxury shoe maker up for sale as it looks to focus on its restaurant and coffee holdings.

The British brand, said to have been a favorite of Princess Diana, sells pumps and boots for as much as GBP2,995.

Jimmy Choo has also struggled with the same discounting problems in U.S. department stores that Michael Kors is facing, although the brand has been helped by a stronger performance in markets like the U.K., China and Japan where the Jimmy Choo name still carries weight. While upscale women's shoes remain its core business Jimmy Choo has been branching out into men's shoes as it looks for growth. The company has about 150 directly operated stores, leaving what analysts have said is a long runway for bricks and mortar expansion.

Last year the shoe maker turned GBP364 million in sales, up almost 15% from a year earlier.

In a statement Michael Kors described itself as "the ideal partner for Jimmy Choo," saying it would "support the growth of Jimmy Choo through retail store openings and further development of its online presence as well as through an expanded assortment of additional fashion product offerings."

Jimmy Choo will continue to be run by current chief executive Pierre Denis, a former LVMH executive who has led the shoe company since 2012.

Jimmy Choo said it intends to recommend its shareholders' vote in favor of the deal. Michael Kors said it has received around 67.7% of Jimmy Choo's shareholders' approval willing to vote in favor of the deal.

Suzanne Kapner and Razak Musah Baba contributed to this article.

Write to Saabira Chaudhuri at saabira.chaudhuri@wsj.com

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last updated on Jun 14, 2017 Share All about Jimmy Choo Shoes Jimmy Choo Shoes first surfaced on Chictopia's streetstyle gallery in Summer 2008 seen on Loma Linda blogger fashionispoison . Since then, Jimmy Choo Shoes have grown in popularity as bloggers from Atlanta , Bassano Del Grappa , and Edmonton have discovered them. Jimmy Choo Shoes are generally seen in chic , elegant , and casual style. Popular types of Jimmy Choo Shoes are strappy heels , slingbacks , karina studded shoe-boots (net-a-porter.com) , studded , and pumps . Blogger's favorite colors are black, gold, beige, and red.

Pardeese gave Jimmy Choo shoes a rating of 4 stars and said: "when I first bought these shoes I was told by the sales lady that the 37, despite my rants about the shoes being too tight, will "be the perfect fit in time". I wanted a 37.5 but they were out of stock so I went ahead and bought the shoes. After wearing them with socks around the house for about a week and wearing them out and a bout for short walking distances they have finally broken in and molded to my feet."   See all 7 reviews for Jimmy Choo shoes...

There are currently 142 streetstyle photos of bloggers wearing Jimmy Choo Shoes. Most recently, blogger notjessfashion of notjessfashion.com wore her Jimmy Choo shoes with a rag & bone hat and Nicholas skirt. 1 2 3 4 5 Bell Sleeves & Jacarandas Nude Jimmy Choo Shoes Blue Asos Skirt Eggshell Storets Top By elizabethkeene | 225 votes | 1 comment #sp1',this).css('left','-20px');" onmouseout = "jQuery('#vote_text_1192792').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1192792);loginAction(1192792);" > Vote. 225 voted #sp1',this).css('left','-20px');" onmouseout = "jQuery('#comment_text_1192792').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1192792);loginAction(1192792);" > Comment. 1 comment #sp1',this).css('left','-20px');" onmouseout = "jQuery('#favorite_text_1192792').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1192792);loginAction(1192792);" > Favorite photo #sp1',this).css('left','-20px');" onmouseout = "jQuery('#follow_text_1192792').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1192792);loginAction(1192792);" > Follow user Bundled Up Nude Jimmy Choo Shoes Navy YMI Jeans Tan AQ Jacket Off White Zara Plaid Scarf Nude Mansur Gavriel Bag Ivory J.Crew Blouse By elizabethkeene | 300 votes | 2 comments #sp1',this).css('left','-20px');" onmouseout = "jQuery('#vote_text_1182488').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1182488);loginAction(1182488);" > Vote. 300 voted #sp1',this).css('left','-20px');" onmouseout = "jQuery('#comment_text_1182488').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1182488);loginAction(1182488);" > Comment. 2 comments #sp1',this).css('left','-20px');" onmouseout = "jQuery('#favorite_text_1182488').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1182488);loginAction(1182488);" > Favorite photo #sp1',this).css('left','-20px');" onmouseout = "jQuery('#follow_text_1182488').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1182488);loginAction(1182488);" > Follow user - SOLD OUT - $ 33 Shoes > Sandals" /> Belle $ 32 Shoes > Pumps" /> A Side Of Camel Nude Jimmy Choo Shoes White Forever 21 Dress Camel AQAQ Coat Camel Henri Bendel Bag By elizabethkeene | 329 votes | 4 comments #sp1',this).css('left','-20px');" onmouseout = "jQuery('#vote_text_1180062').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1180062);loginAction(1180062);" > Vote. 329 voted #sp1',this).css('left','-20px');" onmouseout = "jQuery('#comment_text_1180062').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1180062);loginAction(1180062);" > Comment. 4 comments #sp1',this).css('left','-20px');" onmouseout = "jQuery('#favorite_text_1180062').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1180062);loginAction(1180062);" > Favorite photo #sp1',this).css('left','-20px');" onmouseout = "jQuery('#follow_text_1180062').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1180062);loginAction(1180062);" > Follow user RELATED SEARCHES Cute shoes Colin stuart shoes Cute socks shoes Wedge shoes Red shoes Oxford shoes Gray shoes Red gladiator shoes The Cape Coat Nude Jimmy Choo Shoes Light Blue Forever 21 Turtleneck Sweater Black Dolce & Gabbana Leopard Print Bag Eye Buy Direct Sunglasses Navy J.Crew Skirt Navy Lavish Alice Cape By elizabethkeene | 273 votes | 2 comments #sp1',this).css('left','-20px');" onmouseout = "jQuery('#vote_text_1179780').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1179780);loginAction(1179780);" > Vote. 273 voted #sp1',this).css('left','-20px');" onmouseout = "jQuery('#comment_text_1179780').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1179780);loginAction(1179780);" > Comment. 2 comments #sp1',this).css('left','-20px');" onmouseout = "jQuery('#favorite_text_1179780').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1179780);loginAction(1179780);" > Favorite photo #sp1',this).css('left','-20px');" onmouseout = "jQuery('#follow_text_1179780').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1179780);loginAction(1179780);" > Follow user Fall Colorblocking Nude Jimmy Choo Shoes Black Ivanka Trump Bag Black Charlotte Russe Sunglasses Black Macy's Top Black Macy's Pants Bauble Bar Ring By elizabethkeene | 325 votes | 4 comments #sp1',this).css('left','-20px');" onmouseout = "jQuery('#vote_text_1174444').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1174444);loginAction(1174444);" > Vote. 325 voted #sp1',this).css('left','-20px');" onmouseout = "jQuery('#comment_text_1174444').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1174444);loginAction(1174444);" > Comment. 4 comments #sp1',this).css('left','-20px');" onmouseout = "jQuery('#favorite_text_1174444').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1174444);loginAction(1174444);" > Favorite photo #sp1',this).css('left','-20px');" onmouseout = "jQuery('#follow_text_1174444').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1174444);loginAction(1174444);" > Follow user Stripes And Fringe Nude Jimmy Choo Shoes Black Chanel Bag Blue Baublebar Earrings White Topshop Striped Romper Baublebar Necklace Baublebar Ring By elizabethkeene | 314 votes | 5 comments #sp1',this).css('left','-20px');" onmouseout = "jQuery('#vote_text_1175056').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1175056);loginAction(1175056);" > Vote. 314 voted #sp1',this).css('left','-20px');" onmouseout = "jQuery('#comment_text_1175056').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1175056);loginAction(1175056);" > Comment. 5 comments #sp1',this).css('left','-20px');" onmouseout = "jQuery('#favorite_text_1175056').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1175056);loginAction(1175056);" > Favorite photo #sp1',this).css('left','-20px');" onmouseout = "jQuery('#follow_text_1175056').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1175056);loginAction(1175056);" > Follow user FORUM Start a discussion around Jimmy Choo Shoes ▶ jimmy choo shoes   !! Read more reviews for Jimmy Choo Shoes ▶ Neutrals In The City Neutral Jimmy Choo Shoes Light Pink Sam & Lavi Dress Neutral Missguided Trench Coat Coat Light Pink STAR MELA Purse Bag By elizabethkeene | 356 votes | 1 comment #sp1',this).css('left','-20px');" onmouseout = "jQuery('#vote_text_1171984').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1171984);loginAction(1171984);" > Vote. 356 voted #sp1',this).css('left','-20px');" onmouseout = "jQuery('#comment_text_1171984').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1171984);loginAction(1171984);" > Comment. 1 comment #sp1',this).css('left','-20px');" onmouseout = "jQuery('#favorite_text_1171984').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1171984);loginAction(1171984);" > Favorite photo #sp1',this).css('left','-20px');" onmouseout = "jQuery('#follow_text_1171984').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1171984);loginAction(1171984);" > Follow user Teal & Pink At The Getty Cream Jimmy Choo Shoes Teal Missoni Dress Bubble Gum YSL Bag By elizabethkeene | 376 votes | 1 comment #sp1',this).css('left','-20px');" onmouseout = "jQuery('#vote_text_1169866').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1169866);loginAction(1169866);" > Vote. 376 voted #sp1',this).css('left','-20px');" onmouseout = "jQuery('#comment_text_1169866').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1169866);loginAction(1169866);" > Comment. 1 comment #sp1',this).css('left','-20px');" onmouseout = "jQuery('#favorite_text_1169866').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1169866);loginAction(1169866);" > Favorite photo #sp1',this).css('left','-20px');" onmouseout = "jQuery('#follow_text_1169866').hide();jQuery('>#sp1',this).css('left','0px');" onclick = "hideActions(1169866);loginAction(1169866);" > Follow user Jeffrey Campbell El Carmen - Black Dots $ 120 Shoes" /> Jeffrey Campbell 99 Two - Black $ 165 Shoes" /> 1 About Us Take Me to the Top ▲