Planned investment in Jimmy Choo may have dragged down the share price at Michael Kors but it's upbeat for the luxury brand’s prospects and is working to boost its appeal to Millennials and drive accessories expansion.
Jimmy Choo has the potential to be a $1bn dollar brand and the success of its integration into the Michael Kors group has made its new owner hungry for more acquisitions and happy to accelerate its accessories expansion.
It won’t be long before Jimmy Choo joins the Michael Kors family but for now, the company remains an independent entity. And how is it faring as an indie? It’s doing well, very well, despite the US market being tough.
“Accelerating retail growth and margin expansion”. That was the very pleasing headline that must have made Jimmy Choo shareholders smile on Thursday morning as the luxury footwear brand reported a strong 2016.
Michael Kors unveils its Fall 2016 campaign, shot by Mario Testino and featuring models Freja Beha Erichsen, Emmy Rappe, Romy Schonberger, Sven de Vries and Wouter Peelen. The campaign launches in July and will reach ...