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Michael Kors quarterly revenue & profit drops amid Jimmy Choo acquisition

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The roll out of a strategic plan as well as the acquisition of iconic British brand Jimmy Choo has led Michael Kors to record falls in profit and sales during its first fiscal quarter. For the three months ending July 1, revenues at the US luxury accessories retailer and wholesaler fell by 3.6 per cent to $952.4 million (£734.5 million). On a constant currency basis, total revenue decreased 2.6 per cent.

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Michael Kors quarterly revenue & profit drops amid Jimmy Choo acquisition

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