[ FASHION ] Jimmy Choo's sold

Luxury goods group Labelux has bought Jimmy Choo. Although official figures have not yet been released, it is thought to have been sold for £525.5 million. The label's former owners TowerBrook originally purchased the company for £225 million in 2007.

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"I am immensely proud of all we have achieved over the last 15 years and delighted we are to be part of Labelux, a partner [that] I know shares our values and passion and [that] seeks ambitious growth in the luxury industry," says Mellon. "This is wonderful news for the women who are, or who aspire to become, part of the Jimmy Choo lifestyle."
Labelux, which also owns Bally, plans to help the footwear brand expand in Asia - a fast-developing market.
"Labelux is really complementary to Jimmy Choo with its focus on luxury fashion, accessories and jewellery," ceo Joshua Schulman Jimmy Choo told WWD. "We look forward to partnering with them on our growth plans."

source: vogue.co.uk