in addition , certain products such as fragrances , sunglasses and eyewear are produced under product licensing agreements . jimmy choo 's design team is led by sandra choi , who has been the creative director for the brand since its inception in 1996. jimmy choo products are unique , instinctively seductive and chic . the brand offers classic and timeless luxury products , as well as innovative products that are intended to set and lead fashion trends . the jimmy choo brand is represented through its global store network , its e-commerce sites , as well as through the most prestigious department and specialty stores worldwide . prior to the third quarter of fiscal 2018 , we had three reportable segments for our michael kors brand : retail , wholesale and licensing . with the acquisition of jimmy choo , the company began to operate in four reportable segments , which are as follows : mk retail — includes sales of michael kors products from 379 retail stores in the americas ( including concessions ) and 450 international retail stores ( including concessions ) in europe and certain parts of asia , as well as from michael kors e-commerce sites in the u.s. , canada , certain parts of europe , china , japan and south korea as of march 31 , 2018 . mk wholesale — includes wholesale sales of michael kors products through 1,403 department store doors and 875 specialty store doors in the americas and through 1,048 specialty store doors and 218 department store doors internationally as of march 31 , 2018 . mk wholesale also includes revenues from sales of products to michael kors geographic licensees . 30 mk licensing — includes royalties and advertising contributions earned on licensed products and use of the company 's trademarks , and rights granted to third parties for the right to operate retail stores and or sell the company 's products in certain geographic regions . jimmy choo — includes worldwide sales of jimmy choo products through 182 retail stores ( including concessions ) and jimmy choo e-commerce sites in the u.s. , certain parts of europe and japan , through 629 wholesale doors , as well as through product and geographic licensing arrangements , as of march 31 , 2018 . certain factors affecting financial condition and results of operations establishing brand identity and enhancing global presence . we intend to grow our international presence through the formation of a global fashion luxury group , bringing together industry-leading fashion luxury brands . as mentioned above , on november 1 , 2017 , we completed our acquisition of jimmy choo for a total transaction value of $ 1.447 billion ( see note 3 to the accompanying consolidated financial statements for additional information ) . jimmy choo has a rich history as a leading global luxury house , renowned for its glamorous and fashion-forward footwear , and is an excellent complement to the michael kors brand . we believe this combination further strengthens our future growth opportunities , while also increasing both product and geographic diversification . however , there are risks associated with a new acquisition and the anticipated benefits of the acquisition on our financial results may not be in line with our expectations . we intend to continue to increase our international presence and global brand recognition by growing our existing international operations through acquisitions , the formation of various joint ventures with international partners , and continuing with our international licensing arrangements . we feel this is an efficient method for continued penetration into the global luxury goods market , especially for markets where we have yet to establish a substantial presence . in addition , our growth strategy includes assuming direct control of certain licensed international operations to better manage our growth opportunities in the related regions . on may 31 , 2016 , we acquired the previously licensed business in the greater china region ( “ mkhkl ” ) , which has operations in china , hong kong , macau and taiwan . see note 3 to the accompanying consolidated financial statements for additional information regarding our recent acquisitions . channel shift and demand for our accessories and related merchandise . our performance is affected by trends in the luxury goods industry , as well as shifts in demographics and changes in lifestyle preferences . although the overall consumer spending for personal luxury products has recently increased , consumer shopping preferences have continued to shift from physical stores to on-line shopping . we currently expect that this trend will continue in the foreseeable future . during fiscal 2018 , we have continued to strategically decrease promotional activity , which resulted in a reduction in shipments of michael kors products within our wholesale channel , which we believe is necessary to appropriately position the michael kors brand long-term . in addition , we have been strategically reducing promotional activity within our full-price retail stores . we continue to adjust our operating strategy to the changing business environment and on may 31 , 2017 , we announced that we plan to close between 100 and 125 of our michael kors full-price retail stores over the next two years in order to improve the profitability of our michael kors retail store fleet under our retail fleet optimization plan . over this time period , we expect to incur approximately $ 100 - $ 125 million of one-time costs associated with these store closures . during fiscal 2018 , we closed 47 of our michael kors full-price retail stores under the retail fleet optimization plan , which resulted in restructuring charges of $ 52.6 million recorded within restructuring and other charges in our consolidated statements of operations and comprehensive income . we currently anticipate finalizing the remainder of the planned store closures under the retail fleet optimization plan over the next two fiscal years . story_separator_special_tag based on the results of these assessments , we concluded that the fair values of the michael kors reporting units significantly exceeded the related carrying amounts and there were no reporting units at risk of impairment . the impairment analyses relating to the jimmy choo goodwill and brand were performed using a qualitative approach due to the proximity to the acquisition date and it was concluded that it is more likely than not that the fair value of goodwill and brand exceeded their respective carrying values and , therefore , did not result in impairment . see note 12 to the accompanying audited financial statements for information relating to our annual impairment analysis performed during the fourth quarter of fiscal 2018 . there were no impairment charges related to goodwill in any of the fiscal periods presented . share-based compensation we grant share-based awards to certain of our employees and directors . the grant date fair value of share options is calculated using the black-scholes option pricing model , which requires us to use subjective assumptions . the closing market price at the grant date is used to determine the grant date fair value of restricted shares , restricted share units , and performance restricted share units . these values are recognized as expense over the requisite service period , net of estimated forfeitures , based on expected attainment of pre-established performance goals for performance grants , or the passage of time for those grants which have only time-based vesting requirements . beginning in fiscal 2018 , we began using our own historical experience in determining the expected holding period and volatility of our time-based share option awards . in prior periods , we used the simplified method for determining the expected life of our options and average volatility rates of similar actively traded companies over the estimated holding period , due to insufficient historical option exercise experience as a public company . determining the grant date fair value of share-based awards requires considerable judgment , including estimating expected volatility , expected term , risk-free rate , and forfeitures . if factors change and we employ different assumptions , the fair value of future awards and resulting share-based compensation expense may differ significantly from what we have estimated in the past . 34 derivative financial instruments we use forward currency exchange contracts to manage our exposure to fluctuations in foreign currency for certain of our transactions . we are exposed to risks on certain purchase commitments to foreign suppliers based on the value of our purchasing subsidiaries ' local currency relative to the currency requirement of the supplier on the date of the commitment . as such , we enter into forward currency contracts that generally mature in 12 months or less , which is consistent with the related purchase commitments . we designate certain contracts related to the purchase of inventory that qualify for hedge accounting as cash flow hedges . all of our derivative instruments are recorded in our consolidated balance sheets at fair value on a gross basis , regardless of their hedge designation . the effective portion of changes in the fair value for contracts designated as cash flow hedges is recorded in equity as a component of accumulated other comprehensive income ( loss ) until the hedged item effects earnings . when the inventory related to forecasted inventory purchases that are being hedged is sold to a third party , the gains or losses deferred in accumulated other comprehensive income ( loss ) are recognized within cost of goods sold . we use regression analysis to assess effectiveness of derivative instruments that are designated as hedges , which compares the change in the fair value of the derivative instrument to the change in the related hedged item . effectiveness is assessed on a quarterly basis and any portion of the designated hedge contracts deemed ineffective is recorded to foreign currency gain ( loss ) . if the hedge is no longer expected to be highly effective in the future , future changes in the fair value are recognized in earnings . for those contracts that are not designated as hedges , changes in the fair value are recorded in foreign currency gain ( loss ) in our consolidated statements of operations . the company is exposed to the risk that counterparties to derivative contracts will fail to meet their contractual obligations . in order to mitigate counterparty credit risk , the company only enters into contracts with carefully selected financial institutions based upon their credit ratings and certain other financial factors , adhering to established limits for credit exposure . income taxes deferred income tax assets and liabilities reflect temporary differences between the tax basis and financial reporting basis of our assets and liabilities and are determined using the tax rates and laws in effect for the periods in which the differences are expected to reverse . we periodically assess the realizability of deferred tax assets and the adequacy of deferred tax liabilities , based on the results of local , state , federal or foreign statutory tax audits or our own estimates and judgments . realization of deferred tax assets associated with net operating loss and tax credit carryforwards is dependent upon generating sufficient taxable income prior to their expiration in the applicable tax jurisdiction . we periodically review the recoverability of our deferred tax assets and provide valuation allowances as deemed necessary to reduce deferred tax assets to amounts that more-likely-than-not will be realized . this determination involves considerable judgment and our management considers many factors when assessing the likelihood of future realization of deferred tax assets , including recent earnings results within various taxing jurisdictions , expectations of future taxable income , the carryforward periods remaining and other factors . changes in the required valuation allowance are recorded in income in the period such determination is made . deferred tax assets could be reduced in the future if our estimates of taxable

net cash used in investing activities increased $ 882.5 million to $ 1.533 billion during fiscal 2018 , compared to $ 650.9 million during fiscal 2017 . the decrease in cash was primarily attributable to a $ 933.9 million increase of cash paid , net of cash acquired , in connection with our fiscal 2018 acquisition of the jimmy choo business , as compared to our acquisition of the previously licensed business in greater china during fiscal 2017. this decrease in cash was partially offset by lower capital expenditures of $ 44.4 million , due to lower spending related to build-outs of new stores and shop-in-shops and lower corporate expenditures . net cash used in investing activities increased $ 269.8 million to $ 650.9 million during fiscal 2017 , compared to $ 381.1 million during fiscal 2016 . the decrease in cash was primarily attributable to $ 480.6 million of cash paid , net of cash acquired , in connection with our acquisition of the previously licensed business in greater china during fiscal 2017 , partially offset by lower capital expenditures of $ 204.4 million , attributable to lower corporate expenditures and lower spending to build out new stores and shop-in-shops , partially offset by capital spending related to our newly acquired operations in china and south korea and increased investments in our e-commerce business . cash provided by ( used in ) financing activities net cash provided by financing activities was $ 389.6 million during fiscal 2018 , as compared to net cash used in financing activities of $ 850.2 million during fiscal 2017 . the $ 1.240 billion increase in cash from financing activities was due to increased debt borrowings of $ 590.9 million , which included senior notes and term loan borrowings to finance the acquisition of jimmy choo , net of cash repayments , as well as a decrease of $ 643.8 million in cash payments to repurchase our ordinary shares .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```net cash used in investing activities increased $ 882.5 million to $ 1.533 billion during fiscal 2018 , compared to $ 650.9 million during fiscal 2017 . the decrease in cash was primarily attributable to a $ 933.9 million increase of cash paid , net of cash acquired , in connection with our fiscal 2018 acquisition of the jimmy choo business , as compared to our acquisition of the previously licensed business in greater china during fiscal 2017. this decrease in cash was partially offset by lower capital expenditures of $ 44.4 million , due to lower spending related to build-outs of new stores and shop-in-shops and lower corporate expenditures . net cash used in investing activities increased $ 269.8 million to $ 650.9 million during fiscal 2017 , compared to $ 381.1 million during fiscal 2016 . the decrease in cash was primarily attributable to $ 480.6 million of cash paid , net of cash acquired , in connection with our acquisition of the previously licensed business in greater china during fiscal 2017 , partially offset by lower capital expenditures of $ 204.4 million , attributable to lower corporate expenditures and lower spending to build out new stores and shop-in-shops , partially offset by capital spending related to our newly acquired operations in china and south korea and increased investments in our e-commerce business . cash provided by ( used in ) financing activities net cash provided by financing activities was $ 389.6 million during fiscal 2018 , as compared to net cash used in financing activities of $ 850.2 million during fiscal 2017 . the $ 1.240 billion increase in cash from financing activities was due to increased debt borrowings of $ 590.9 million , which included senior notes and term loan borrowings to finance the acquisition of jimmy choo , net of cash repayments , as well as a decrease of $ 643.8 million in cash payments to repurchase our ordinary shares .
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 Suspicious Activity Report : in addition , certain products such as fragrances , sunglasses and eyewear are produced under product licensing agreements . jimmy choo 's design team is led by sandra choi , who has been the creative director for the brand since its inception in 1996. jimmy choo products are unique , instinctively seductive and chic . the brand offers classic and timeless luxury products , as well as innovative products that are intended to set and lead fashion trends . the jimmy choo brand is represented through its global store network , its e-commerce sites , as well as through the most prestigious department and specialty stores worldwide . prior to the third quarter of fiscal 2018 , we had three reportable segments for our michael kors brand : retail , wholesale and licensing . with the acquisition of jimmy choo , the company began to operate in four reportable segments , which are as follows : mk retail — includes sales of michael kors products from 379 retail stores in the americas ( including concessions ) and 450 international retail stores ( including concessions ) in europe and certain parts of asia , as well as from michael kors e-commerce sites in the u.s. , canada , certain parts of europe , china , japan and south korea as of march 31 , 2018 . mk wholesale — includes wholesale sales of michael kors products through 1,403 department store doors and 875 specialty store doors in the americas and through 1,048 specialty store doors and 218 department store doors internationally as of march 31 , 2018 . mk wholesale also includes revenues from sales of products to michael kors geographic licensees . 30 mk licensing — includes royalties and advertising contributions earned on licensed products and use of the company 's trademarks , and rights granted to third parties for the right to operate retail stores and or sell the company 's products in certain geographic regions . jimmy choo — includes worldwide sales of jimmy choo products through 182 retail stores ( including concessions ) and jimmy choo e-commerce sites in the u.s. , certain parts of europe and japan , through 629 wholesale doors , as well as through product and geographic licensing arrangements , as of march 31 , 2018 . certain factors affecting financial condition and results of operations establishing brand identity and enhancing global presence . we intend to grow our international presence through the formation of a global fashion luxury group , bringing together industry-leading fashion luxury brands . as mentioned above , on november 1 , 2017 , we completed our acquisition of jimmy choo for a total transaction value of $ 1.447 billion ( see note 3 to the accompanying consolidated financial statements for additional information ) . jimmy choo has a rich history as a leading global luxury house , renowned for its glamorous and fashion-forward footwear , and is an excellent complement to the michael kors brand . we believe this combination further strengthens our future growth opportunities , while also increasing both product and geographic diversification . however , there are risks associated with a new acquisition and the anticipated benefits of the acquisition on our financial results may not be in line with our expectations . we intend to continue to increase our international presence and global brand recognition by growing our existing international operations through acquisitions , the formation of various joint ventures with international partners , and continuing with our international licensing arrangements . we feel this is an efficient method for continued penetration into the global luxury goods market , especially for markets where we have yet to establish a substantial presence . in addition , our growth strategy includes assuming direct control of certain licensed international operations to better manage our growth opportunities in the related regions . on may 31 , 2016 , we acquired the previously licensed business in the greater china region ( “ mkhkl ” ) , which has operations in china , hong kong , macau and taiwan . see note 3 to the accompanying consolidated financial statements for additional information regarding our recent acquisitions . channel shift and demand for our accessories and related merchandise . our performance is affected by trends in the luxury goods industry , as well as shifts in demographics and changes in lifestyle preferences . although the overall consumer spending for personal luxury products has recently increased , consumer shopping preferences have continued to shift from physical stores to on-line shopping . we currently expect that this trend will continue in the foreseeable future . during fiscal 2018 , we have continued to strategically decrease promotional activity , which resulted in a reduction in shipments of michael kors products within our wholesale channel , which we believe is necessary to appropriately position the michael kors brand long-term . in addition , we have been strategically reducing promotional activity within our full-price retail stores . we continue to adjust our operating strategy to the changing business environment and on may 31 , 2017 , we announced that we plan to close between 100 and 125 of our michael kors full-price retail stores over the next two years in order to improve the profitability of our michael kors retail store fleet under our retail fleet optimization plan . over this time period , we expect to incur approximately $ 100 - $ 125 million of one-time costs associated with these store closures . during fiscal 2018 , we closed 47 of our michael kors full-price retail stores under the retail fleet optimization plan , which resulted in restructuring charges of $ 52.6 million recorded within restructuring and other charges in our consolidated statements of operations and comprehensive income . we currently anticipate finalizing the remainder of the planned store closures under the retail fleet optimization plan over the next two fiscal years . story_separator_special_tag based on the results of these assessments , we concluded that the fair values of the michael kors reporting units significantly exceeded the related carrying amounts and there were no reporting units at risk of impairment . the impairment analyses relating to the jimmy choo goodwill and brand were performed using a qualitative approach due to the proximity to the acquisition date and it was concluded that it is more likely than not that the fair value of goodwill and brand exceeded their respective carrying values and , therefore , did not result in impairment . see note 12 to the accompanying audited financial statements for information relating to our annual impairment analysis performed during the fourth quarter of fiscal 2018 . there were no impairment charges related to goodwill in any of the fiscal periods presented . share-based compensation we grant share-based awards to certain of our employees and directors . the grant date fair value of share options is calculated using the black-scholes option pricing model , which requires us to use subjective assumptions . the closing market price at the grant date is used to determine the grant date fair value of restricted shares , restricted share units , and performance restricted share units . these values are recognized as expense over the requisite service period , net of estimated forfeitures , based on expected attainment of pre-established performance goals for performance grants , or the passage of time for those grants which have only time-based vesting requirements . beginning in fiscal 2018 , we began using our own historical experience in determining the expected holding period and volatility of our time-based share option awards . in prior periods , we used the simplified method for determining the expected life of our options and average volatility rates of similar actively traded companies over the estimated holding period , due to insufficient historical option exercise experience as a public company . determining the grant date fair value of share-based awards requires considerable judgment , including estimating expected volatility , expected term , risk-free rate , and forfeitures . if factors change and we employ different assumptions , the fair value of future awards and resulting share-based compensation expense may differ significantly from what we have estimated in the past . 34 derivative financial instruments we use forward currency exchange contracts to manage our exposure to fluctuations in foreign currency for certain of our transactions . we are exposed to risks on certain purchase commitments to foreign suppliers based on the value of our purchasing subsidiaries ' local currency relative to the currency requirement of the supplier on the date of the commitment . as such , we enter into forward currency contracts that generally mature in 12 months or less , which is consistent with the related purchase commitments . we designate certain contracts related to the purchase of inventory that qualify for hedge accounting as cash flow hedges . all of our derivative instruments are recorded in our consolidated balance sheets at fair value on a gross basis , regardless of their hedge designation . the effective portion of changes in the fair value for contracts designated as cash flow hedges is recorded in equity as a component of accumulated other comprehensive income ( loss ) until the hedged item effects earnings . when the inventory related to forecasted inventory purchases that are being hedged is sold to a third party , the gains or losses deferred in accumulated other comprehensive income ( loss ) are recognized within cost of goods sold . we use regression analysis to assess effectiveness of derivative instruments that are designated as hedges , which compares the change in the fair value of the derivative instrument to the change in the related hedged item . effectiveness is assessed on a quarterly basis and any portion of the designated hedge contracts deemed ineffective is recorded to foreign currency gain ( loss ) . if the hedge is no longer expected to be highly effective in the future , future changes in the fair value are recognized in earnings . for those contracts that are not designated as hedges , changes in the fair value are recorded in foreign currency gain ( loss ) in our consolidated statements of operations . the company is exposed to the risk that counterparties to derivative contracts will fail to meet their contractual obligations . in order to mitigate counterparty credit risk , the company only enters into contracts with carefully selected financial institutions based upon their credit ratings and certain other financial factors , adhering to established limits for credit exposure . income taxes deferred income tax assets and liabilities reflect temporary differences between the tax basis and financial reporting basis of our assets and liabilities and are determined using the tax rates and laws in effect for the periods in which the differences are expected to reverse . we periodically assess the realizability of deferred tax assets and the adequacy of deferred tax liabilities , based on the results of local , state , federal or foreign statutory tax audits or our own estimates and judgments . realization of deferred tax assets associated with net operating loss and tax credit carryforwards is dependent upon generating sufficient taxable income prior to their expiration in the applicable tax jurisdiction . we periodically review the recoverability of our deferred tax assets and provide valuation allowances as deemed necessary to reduce deferred tax assets to amounts that more-likely-than-not will be realized . this determination involves considerable judgment and our management considers many factors when assessing the likelihood of future realization of deferred tax assets , including recent earnings results within various taxing jurisdictions , expectations of future taxable income , the carryforward periods remaining and other factors . changes in the required valuation allowance are recorded in income in the period such determination is made . deferred tax assets could be reduced in the future if our estimates of taxable

