Jimmy Choo sold to luxury group Labelux

Private equity firm TowerBrook has sold fashionista's favourite Jimmy Choo to luxury holding Labelux. The Austrians would have paid 579.5 million euro for the British stiletto shoe brand, but promises to leave the creative power, Tamara Mellon, free to do her job.

 

Ex-Vogue editor Tamara Mellon founded the brand together with Jimmy Choo in 1996 and has owned 50% of the company ever since. The other half was sold by Jimmy Choo in 2001. The brand has been hugely popular among celebreties and their followers since they were featured - and promoted - heavily by both books and television series of Sex and the city. The company had a turnover of 173 million euro in 2010 and expects a double digit growth for 2011, especially since the luxury boom on the Chinese markets.

Private equity firm TowerBrook has sold fashionista's favourite Jimmy Choo to luxury holding Labelux. The Austrians would have paid 579.5 million euro for the British stiletto shoe brand, but promises to leave the creative power, Tamara Mellon, free to do her job.

 

Ex-Vogue editor Tamara Mellon founded the brand together with Jimmy Choo in 1996 and has owned 50% of the company ever since. The other half was sold by Jimmy Choo in 2001. The brand has been hugely popular among celebreties and their followers since they were featured - and promoted - heavily by both books and television series of Sex and the city. The company had a turnover of 173 million euro in 2010 and expects a double digit growth for 2011, especially since the luxury boom on the Chinese markets.

Questions or comments? Please feel free to contact the editors


Small growth for Metro in 2016/2017

20/10/2017

Metro’s preliminary results show that the German retailer has achieved a 1.6 % growth in its 2016/2017 fiscal year. Even on a like-for-like basis, there was still a slight growth: Metro itself considers it to be a successful year.

Tepid summer leads to weaker ice cream sales for Unilever

19/10/2017

The past summer was not one with a lot of hot days and that has had its effect on Unilever’s ice cream sales. The division’s sales therefore slumped 6.7 %.

Danone alters management structure

19/10/2017

Danone has decided to alter its board structure. The position of chairman and CEO are now both occupied by current CEO Emmanuel Faber.

Difficult third quarter for Carrefour

18/10/2017

Carrefour’s quarterly results from last Wednesday clearly illustrate the major challenges the current CEO and his team face, especially in Western Europe. Belgian like-for-like turnover also dropped.

Sainsbury’s will cut 2,000 jobs

18/10/2017

British supermarket chain Sainsbury’s is to cut about 2,000 jobs in the United Kingdom, aiming to save up to 500 million pounds (560 million euro) in an attempt to compete with discounters.

Ferrero and Unilever will create Kinder ice cream together

17/10/2017

Italian Ferrero has struck a deal with Unilever to create Kinder ice cream. Unilever already has plenty of experience in that area, with Magnum as one of its most iconic brands.

Back to top