Michael Kors is buying Jimmy Choo for the price of a whole lot of Jimmy Choos

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Michael Kors is buying Jimmy Choo for the price of a whole lot of Jimmy Choos

Michael Kors is buying Jimmy Choo for the price of a whole lot of Jimmy Choos

Michael Kors is taking a huge (and very fashionable) step forward in the industry.

The once luxurious, **w ubiquitous fashion company an**unced via press release Tuesday that it would be acquiring iconic footwear and accessories brand Jimmy Choo for $1.2 billion.

So our biggest question, of course, is: How many Jimmy Choos would THAT buy you?

SEE ALSO: 50 million-dollar business ideas you can launch for cheap (or even free)


It's funny you should ask, because while espadrilles on sale from the designer cost a mere $200, many Jimmy Choo items — such as these $4,595crystal-covered pointy toe pumps — cost far more than a pretty penny.* Read more...

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