The company is planning to cut around 20% of its workforce as part of a cost-cutting measure to enhance performance.

Michael Kors has announced it will purchase fellow fashion brand Jimmy Choo for $1.2bn On July 25, luxury fashion pacesetter Michael Kors announced it has agreed to purchase footwear and accessories ...

On Thursday, Prada Group announced it has acquired the Italian fashion house from Capri Holdings (parent of Michael Kors and Jimmy Choo) for a tentative €1.25 billion. The final cash ...

PARIS: Michael Kors Holdings Ltd agreed to buy Jimmy Choo Plc for about £896mil (US$1.2bil), clinching the London-based maker of strappy stilettos, handbags and perfume. The handbag maker will ...