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Michael Kors’ revenue up 26.3% thanks to Jimmy Choo

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Luxury retail group Michael Kors reported a 26.3 per cent rise in revenue to $1.2 billion (£930 million) in the three months to the end of June. British luxury shoe retailer Jimmy Choo contributed 17.2 per cent to the company’s results, which came in above expectations despite like-for-like sales at Michael Kors being flat for the quarter. Michael Kors acquired Jimmy Choo for £896 million last year, a deal which provided a $172.2 million (£133.87 million) boost to profits in the 12 weeks to the end of June

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Michael Kors’ revenue up 26.3% thanks to Jimmy Choo

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