Rieker
Jimmy Choo brand bought for $ 812 million
25.05.2011 5006

Jimmy Choo brand bought for $ 812 million

The new owner of the brand is Labelux Group, which also owns the Swiss shoe brand.  Bally. Creative Director Tamara Mellon and CEO Joshua Shulman will remain in the company in their posts.

The transaction is expected to be completed by the end of June. Initially, owners, now former, valued the brand at $ 889 million. Labelux plans to increase sales at the expense of China, and by expanding the line of men's shoes and bags.


“Jimmy Choo is an outstanding brand with tremendous growth potential,” commented Reinhard Meck, CEO of Labelux.

Recall that before the company belonged to TowerBrook Capital Partners. Over the past seven years, the fashion house has already managed to change its owner three times, bringing huge dividends to investors.

Labelux was created in 2007 with the goal of becoming a “new global player” in the luxury market. Since then, the concern has collected brands such as
BallyDerek Lam, Saltange Azagury-Partridge and Zagliani

The new owner of the brand is Labelux Group, which also owns the Swiss shoe brand Bally. Creative Director Tamara Mellon and CEO Joshua ...
5
1
Rating

Latest News

Detsky Mir expands its presence in the Urals

New stores of the Detsky Mir chain have opened in Chelyabinsk and Yekaterinburg. The tenth in a row in Chelyabinsk and the ninth in Yekaterinburg. Both new stores occupy 1000 sq. M. ...
22.04.2021 35

Turkish Eksposhoes will be held in June

The Turkish exhibition of shoes and leather accessories Eksposhoes will again be held in Antalya from 2 to 4 June 2021 and is glad to host buyers from ...
21.04.2021 31

Tod's Group has appointed Chiara Ferragni to the Board of Directors

The appointment of Chiara Ferragni, an Italian model and influential fashion blogger, to the board of directors of the Italian fashion group Tod's, was an important step for the famous brand of the same name, moccasins, as well as chic Roger Vivier shoes to conquer ...
21.04.2021 41

Expo Riva Schuh announced the dates of the summer exhibitions

The 95th Expo Riva Schuh and the 6th Gardabags, dedicated to the 2022 spring / summer collections, will be held at the Riva del Garda exhibition center from 18 to 20 July, a month later than ...
21.04.2021 175

Reseller sites LUXXY, themarket and commission WantHerDress announce merger

The Russian clothing and footwear reselling marketplace LUXXY has acquired an online site for the resale of themarket items, as well as the WantHerDress commission store with wardrobes of stars and ...
21.04.2021 151
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning