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Commerce

Is the luxury footwear arms race on?

June 3, 2011

 

By Rachel Lamb

kg-185With the recent acquisition of luxury footwear company Kurt Geiger by Jones Group following the sale of Jimmy Choo to Labelux last month, the two massive conglomerates are being presented with new opportunities that rival fashion empires LVMH Moet Hennessey Louis Vuitton and Pinault-Printemps-Redoute.

Although this does not seem to be a typical arms race of footwear giants, both conglomerates are clearly decisive when choosing brands to add to their respective portfolios. Additionally, both Jones and Labelux are most likely to be watching one another quite closely as the market continues to improve and acquisitions become more likely.

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