Michael Kors kündigte den Erwerb von Jimmy Choo fürs 4. Quartal 2017 an.
Man will knapp US$1,2 Milliarden für die Schuh- und Accessoires-Marke zahlen.
Jimmy Choo stand zum Verkauf, weil Mehrheitseigner JAB Holding seine Labelux Gruppe abwickelt. Bally steht ebenfalls zum Verkauf, danach bliebe Bellstaff übrig.
Michael Kors announced to acquire Jimmy Choo in Q4 of 2017.
It will pay nearly US$1.2 Billion for the shoe and accessory brand.
Jimmy Choo was up for sale, as majority-owner JAB Holding is winding down what used to be its Labelux Group. Bally is for sale too, leaving Bellstaff.
Fossil, Inc. and Michael Kors, Inc. announced to expand their relationship with the Michael Kors Fall 2011 jewelry collection, offering women’s earrings, necklaces, bracelets and rings.Michael Kors first partnered with Fossil in Fall 2004 to launch the Michael Kors watch line.
Price points for pieces within the collection will range from $100 to $500. The jewelry will be available in select Michael Kors retail stores worldwide and sold through limited domestic and European wholesale partners beginning in Fall 2011.
WWD and others report:
Phillips-Van Heusen Corp. has signed a licensing deal with The Timberland Co. to manufacture and market Timberland women’s and men’s casual sportswear in North America.
After assuming management of the men’s apparel line in fall 2008, PVH will launch a women’s Timberland line in fall 2009.
Timberland brand apparel generated about $70 million in sales last year in North America. The companies estimate that the men’s line will be available in some 600 department store doors in fall 2008, in addition to specialty stores and Timberland’s own full-price and outlet retail stores.
PVH expects to incur about $5 million in start-up costs this year associated with design.
PVH-owned brands include Calvin Klein, Van Heusen, Izod, Arrow, Bass and G.H. Bass & Co., and PVH holds licenses for numerous brands including Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, BCBG Max Azria, Michael Michael Kors, Sean John, Chaps, Tommy Hilfiger and Perry Ellis.