On Tuesday, Michael Kors Holdings of New York said it had agreed to buy shoe company Jimmy Choo of London for about $1.2 billion, the latest push by a U.S. high-end fashion house to find new sources of growth and what its chief executive characterized as the first step in building a bigger international luxury group.Mall traffic in North America has declined sharply, while shoppers who have traditionally been loyal to the middle market have gravitated toward brands at extremes of the style and price spectrum.“Acquiring Jimmy Choo is the beginning of a strategy that we have for building a luxury group that really is focused on international fashion brands,” John Idol, the chairman and chief executive officer of Michael Kors Holdings, said.Michael Kors, known for fashion-forward designs and competitive prices, is heavily reliant on outlets and department stores, where deep discounting is common.Open-toe slip-on sandals sell for $425, while crystal-encrusted shoes with the brand’s signature sky-high stiletto heels go for nearly $3,000.
NYS Entity Status
- Surrender of Authority (Dec 31, 2013)
NYS Filing Date
JANUARY 28, 2013
NYS DOS ID#
C T CORPORATION SYSTEM
111 EIGHTH AVENUE
NEW YORK, NEW YORK, 10011
NYS Entity Type
FOREIGN LIMITED PARTNERSHIP
2013 - KX2 HOLDINGS BUILDING TECHNOLOGIES GROUP, LP
AROUND THE WEB
- Michael Kors buying Jimmy Choo in $1.2 billion deal
By Elizabeth Paton and Chad Bray - Tuesday Jul 25, 2017
- Apple Supplier Foxconn Looks at Producing Display Panels in Wisconsin
Monday Jul 24, 2017
Taiwan’s Foxconn Technology Group, which assembles Apple’s iPhones, is nearing a decision to invest in Wisconsin and could hold an event in Washington, D.C., as soon as this week to discuss U.S. investment plans.
- Taiwan's Foxconn Eyes Seven States for $10 Billion Investment
Thursday Jun 22, 2017
Taiwan’s Foxconn Technology Group, which assembles Apple’s iPhones in China, is looking at seven states in the American heartland to invest $10 billion or more in factories to build flat-panel screens and related equipment.
- Wisconsin Assembly Expected to Approve Tax Incentives for Foxconn
Thursday Aug 17, 2017
The Wisconsin State Assembly will vote Thursday on a $3 billion tax-incentive package for Taiwan’s Foxconn Technology Group to build a display-panel plant in the state.
- Phoenix mayor slams Trump rally plans, president announces tickets available
By Max Jaeger - Wednesday Aug 16, 2017
The mayor of Phoenix Wednesday scolded President Trump for planning a rally there, suggesting Trump is aiming to “inflame emotions” following a deadly white supremacist rally in Virginia by pardoning a controversial Phoenix sheriff. “I am disappointed that President Trump has chosen to hold a campaign rally as our nation is still healing from the...