According to Business Insiders, the US retailer Michael Kors has agreed to buy the luxury shoemaker Jimmy Choo
for $1.2 billion,
snapping up a British brand launched in the east end of London and made famous
by celebrity fans including Princess Diana.
Founded in the
1990s by the bespoke shoemaker Jimmy Choo, the brand known for its stiletto
heals and accessories and sells in cities including London, Paris, New York,
and Tokyo.