Fashion

Michael Kors buys Jimmy Choo for $1.2 Billion

Michael Kors buys Jimmy Choo for $1.2 Billion

According to Reuters, U.S. retailer Michael Kors Holding Ltd (NYSE: KORS) agreed to buy luxury shoemaker Jimmy Choo PLC for $1.2 billion, snapping up a British company whose towering stilettos have been made famous by celebrity customers f..

Abercrombie & Fitch’s Stock Plummets

Abercrombie & Fitch’s Stock Plummets

On Monday, teen clothing retailer Abercrombie & Fitch (NYSE: ANF) declared that they are not interested in being acquired by any company but rather focus on fixing the business as a whole. Many of these companies wanted to buy Abercrombie in hop..