Labelux Group is suddenly walking in some very expensive shoes. In an $800 million deal announced Sunday, the German luxury goods group will acquire high-end footwear company Jimmy Choo from TowerBrook Capital Partners.
TowerBrook Capital is the latest of three private equity firms to own the brand since 2001, when cofounder Choo sold his share in the company that bears his name. The other cofounder, Tamara Mellon, still holds a 17 percent stake in the company and plans to stay on as CEO after the change in ownership, according the Labelux press release announcing the deal.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
