Gon’ head then Michael Kors!
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TSR STAFF: Chantel P.! @_popchanny! _____________________________________ #MichaelKors is buying #JimmyChoo! _____________________________________ According to Forbes, Michael Kors is one of many upscale brands to experience a decline in sales and profit during the last few years. Less-expensive, and fast-fashion brands like H&M and Zara have become the competition. But with this new $1.2 billion deal, Michael Kors could have a new avenue for growth! _____________________________________ MK purses can be found for as low as $70 now-a-days, while a pair of Jimmy Choo shoes can cost you anywhere between $425 and $3k. You do the math. _____________________________________ MK says they plan to not only open new Jimmy Choo retail stores, but also develop the brand's — read more at TheShadeRoom.com!
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