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Jimmy Choo sold for over £500 million

Jimmy Choo sold for over £500 million

Jimmy Choo Cruise collection, FashioBiteLuxe footwear label Jimmy Choo has been sold for a reported £525.5 million to luxury goods group Labelux.

Jimmy Choo founder Tamara Mellon said: “I am immensely proud of all we have achieved over the last 15 years and delighted we are to be part of Labelux. This is wonderful news for the women who are, or who aspire to become, part of the Jimmy Choo lifestyle.”

Jimmy Choo Cruise collection, FashionBite

The label’s fomer owners, private equity group TowerBrook, bought the company for £225 million in 2007…not a bad return for 4 years!

Jimmy Choo’s CEO Joshua Schulman told WWD: “Labelux is really complementary to Jimmy Choo with its focus on luxury fashion, accessories and jewellery…We look forward to partnering with them on our growth plans.”

Jimmy Choo has nudged its way into new categories in recent months, with the launch of its debut fragrance ‘Jimmy Choo’ alongside a handbag collection and a collaboration with H&M…but it looks likely its new owners will be ramping things up a notch or two with a ‘fashion, accessories and jewellery line!’

Jimmy Choo will morph itself into a luxury lifestyle brand over the next few years…watch this space!

FashionBite xx

Emily Seares is an award-winning magazine editor and journalist and the founding editor of FashionBite. She was featured in VOGUE's Digital Powerlist Top 100 and is a quoted style expert for most national newspapers and magazines.

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