Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is advising Jimmy Choo PLC (‘Jimmy Choo’), a premier global luxury footwear and accessories brand, in connection with its takeover by Michael Kors Holdings Limited (‘Michael Kors’), a global fashion luxury brand, for £896m, which was announced on 25 July 2017. Freshfields has advised Jimmy Choo since its IPO on the London Stock Exchange in 2014. On 24 April 2017, Jimmy Choo announced that it was seeking offers for the company via a formal sale process.
 
The recommended all-cash offer of 230p per share made by Michael Kors is supported by JAB Luxury GmbH, Jimmy Choo’s majority shareholder, and represents a 36.5 per cent premium to Jimmy Choo’s share price at the time the formal sales process was announced.
 
The combination between Jimmy Choo and Michael Kors is anticipated to enable Jimmy Choo to embark on its next phase of growth and provide opportunities for the benefit of Jimmy Choo customers, employees, shareholders and other stakeholders.
 
The deal is expected to close during the fourth quarter of 2017 and will be implemented by way of scheme of arrangement.

The Freshfields team is being led by corporate partners Chris Mort and Alison Smith. Employment law advice is being provided by partner Nick Squire, anti-trust advice is being provided by partners Alex Potter and Thomas Ensign, finance advice is being provided by partner Alex Mitchell, tax advice is being provided by partner May Smith, and IP advice is being provided by partner Giles Pratt.