By  on September 18, 2017

Nearly all of Jimmy Choo Plc’s shareholders supported the company’s plans to merge with Michael Kors Holdings Ltd.

During a Monday meeting, 81.6 percent of Jimmy Choo shareholders controlling about 318.1 million shares voted to approve the company’s $1.2 billion sale to Michael Kors. The firm has 378.6 million shares outstanding and, according to a regulatory filing, over 98 percent of Jimmy Choo shareholders participated in the vote.

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