Micheal kors popularly known as MK is one out of the many upscale fashion brand.
![Michael kors finally buy - off Jimmy choo](https://bluebloodz.files.wordpress.com/2017/07/mk.jpg?resize=260%2C220)
Some years back they experienced a decline in sales and profit , and have been in competitive bracket with the likes of H&M and ZARA .
Hopefully with this new purchase of theirs, they should have a new avenue for growth.