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Money Talks: Michael Kors buys Jimmy Choo for $1.2B
06:44
Europe
Money Talks: Michael Kors buys Jimmy Choo for $1.2B
It might seem glamorous, and even frivolous to some. But these are testing times for the fashion industry. And many famous brands are joining forces to ride out a slump in business. Now US-based Michael Kors, famous for its handbags, has just bought high-end British shoemaker Jimmy Choo for one billion dollars. The deal might make sense for both companies. But some analysts see it as a sign of an alarming trend. Adefemi Akinsanya reports. Interview with Marc Balet, Creative Director and Co-Owner of the Mixed Business Group. Subscribe: http://trt.world/subscribe Livestream: http://trt.world/ytlive Facebook: http://trt.world/facebook Twitter: http://trt.world/twitter Instagram: http://trt.world/instagram Visit our website: http://trt.world
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