Jimmy Choo brand finds new owner as founder stays on

United Kingdom

May 23, 2011

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Jimmy Choo brand finds new owner as founder stays on

Jimmy Choo, the luxury brand known for its women's shoes, is to be acquired by Labelux, a privately-held luxury goods group, for an undisclosed sum.

Tamara Mellon: founder of Jimmy Choo to stay on as luxury brand is sold

Tamara Mellon, the founder and chief creative officer of Jimmy Choo, and chief executive officer Joshua Schulman, will stay on board and are investing in the Labelux subsidiary established to own Jimmy Choo.

Labelux owns Swiss brand Bally, New York-based clothing label Derek Lam, London-based jeweller Solange Azagury-Partridge, and Italian accessories brand Zagliani.

The seller, TowerBrook, acquired Jimmy Choo in 2007, since when it has expanded from 60 stores to 120 stores.

The brand was founded 15 years ago and has expanded into handbags, leather goods, eyewear, scarves, belts, fragrance and men's shoes.

Tamara Mellon said: "This is wonderful news for the women who are, or who aspire to become, part of the Jimmy Choo lifestyle."

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Marketing