Michael Kors details debt for Jimmy Choo buy

摘要

US handbag maker michael kors has outlined its financing for the US$1.35bn acquisition of British shoemaker Jimmy Choo, the latest corporate marriage in the so-called affordable luxury retail sector. The company said it had secured committed financing from JP Morgan and Goldman Sachs to support the acquisition, which follows two months after a tie-up of rival handbag makers Coach and Kate Spade & Co.