|Bid||47.88 x 100|
|Ask||47.96 x 200|
|Day's Range||47.73 - 48.33|
|52 Week Range||34.07 - 48.85|
|PE Ratio (TTM)||26.00|
|Dividend & Yield||1.35 (2.78%)|
|1y Target Est||N/A|
Michael Kors' first acquisition is a splashy buy of a well-known luxury shoemaker.
Michael Kors says Jimmy Choo is “adding a twist to classic shapes” in men’s evening shoes.
Luxury-fashion company Michael Kors has reached a deal to buy Jimmy Choo for around $1.2 billion, giving it a new avenue for growth as its core handbag market slows.