Glamorous shoe brand Jimmy Choo is about to be purchased by another glamorous brand, Michael Kors.

According to CNN, Kors announced today (July 25) that it will purchase Choo for the equivalent of $1.2 billion in cash. This comes exactly three monts after Choo put itself up for sale to maximize value for its shareholders.

All parties are optimistic about the move, particularly Michael Kors’ CEO, John Idol. “We believe that Jimmy Choo is poised for meaningful growth in the future and our company is committed to supporting the strong brand equity that Jimmy Choo has built over the last 20 years,” Idol said in a statement.