• Fashion & Beauty

    Michael Kors takes over shoemaker Jimmy Choo

    LONDON — American fashion brand Michael Kors is buying luxury shoemaker Jimmy Choo in a deal worth $1.35 billion (896 million pounds). Kors says that Jimmy Choo, which counts Jennifer Lopez, the Duchess of Cambridge and Beyonce among its fans, is “the ideal partner” and will have its online presence bolstered. Jimmy Choo CEO Pierre […]

Nike to slash 1,400 jobs, cut sneaker styles in shakeup

NEW YORK — Nike wants to be more nimble on its feet and sell more shoes directly to customers online as part of a restructuring in which it plans to cut about 1,400 jobs and reduce the number of sneaker styles it offers by a quarter.