Michael Kors is buying Jimmy Choo for the price of a whole lot of Jimmy Choos

Michael Kors is taking a huge (and very fashionable) step forward in the industry.

The once luxurious, now ubiquitous fashion company announced via press release Tuesday that it would be acquiring iconic footwear and accessories brand Jimmy Choo for $1.2 billion.

So our biggest question, of course, is: How many Jimmy Choos would THAT buy you?

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It's funny you should ask, because while espadrilles on sale from the designer cost a mere $200, many Jimmy Choo items — such as these $4,595 crystal-covered pointy toe pumps — cost far more than a pretty penny.  Read more...

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via Tech Republiq