With Jimmy Choo, Michael Kors finds shoes to match its bags

In a bid to burnish its brand image, US bag and accessories maker Michael Kors is buying luxury shoemaker Jimmy Choo in a deal worth $1.35 billion (896 million pounds).

Jimmy Choo, which counts Jennifer Lopez, Duchess of Cambridge Kate Middleton and Beyonce among its fans, has a high-level profile that tempted Michael Kors to pay a premium.

Shareholders in Jimmy Choo will get 2.3 pounds ($2.95) in cash for each share, about 36.5 percent above the firm's share price of 1.685 pounds on April 21.