
MADRID, SPAIN – MAY 08: Susana Uribarri (gab detail) attends the Hotel ME reopening party on May 8, 2014 in Madrid, Spain. (Photo by Carlos Alvarez/Getty Images)
Carlos Alvarez/Getty ImagesAttention fashionistas!! Two luxury designer brands you are familiar with will soon become one. Designer brand Michael Kors plans to pay $1.2 billion in cash for Jimmy Choo.
In case you didn't know, Jimmy Choo was founded 20 years ago by the former Vogue accessories editor Tamara Mellon and designer Jimmy Choo. Any pair of Jimmy Choo stilettos can easily cost you over $1,000.
Jimmy Choo first gained international fame after appearing in films and TV shows including "Sex and the City" and "The Devil Wears Prada."
Michael Kors is best known for its handbags.