Jimmy Choo PLC acquired by Michael Kors Holdings Limited
Michael Kors Holdings Limited acquired Jimmy Choo PLC, a UK luxury footwear and accessories brand, on Nov 1, 2017.
Transaction summary
- Target
- Jimmy Choo PLC
- Acquirer
- Michael Kors Holdings Limited
- Seller
- -
- Announced
- 2017-07-25
- Geography
- United Kingdom
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 100%
- First added
- 2026-10-04
- Latest update
- 2026-10-21
Value and multiples
100% enterprise value
GBP 1.0B
100% enterprise value | GBP
Basis: Public source
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
Approx. $1.4B USD using FX date 2017-07-25 at 1.3081 GBP/USD.
EV / revenue
2.84x
Period: Year Ended 2016 12 31
Basis: Derived from source data
EV / EBITDA
17.5x
EBITDA: normalised / adjusted
Basis: Public source
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: GBP 896M
Offer value for the entire issued and to-be-issued share capital, at 230 pence per share.
Basis
- Enterprise value is £1,035 million, calculated in the announcement from approximately £896 million for the entire issued and to-be-issued share capital plus £139.0 million net leverage as of December 31, 2016. The £896 million share consideration is shown separately. FY2016 revenue was £364.0 million and adjusted EBITDA was £59.0 million. The issuer reported approximately 17.5x EV/adjusted EBITDA; £1,035 million / £364.0 million gives approximately 2.84x EV/revenue for the same period. A separate pro forma filing estimated total purchase consideration of $1,415.2 million including debt and debt-like items; it is not used as the EV.
Source summary
Recommended Cash Acquisition of Jimmy Choo PLC by Michael Kors Holdings Limited
ConfirmedThe enterprise value of Jimmy Choo implied by the value of the offer is £1,035 million
Open sourceMichael Kors Holdings Limited Form 8-K, Completion of Jimmy Choo Acquisition
ConfirmedOn November 1, 2017 (the “Closing Date”), the Company completed the Acquisition.
Open sourceContinue your research
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