If you had a little under $400 million lying around a few days ago you could’ve had a pair of Choos for every day of the week. According to WWD’s Samantha Conti, TowerBrook Capital Partners LP has just purchased the luxury good brand from Lion Capital, who bought a major stake in the company only two years ago. " The sale comes a little more than two years after Lion Capital, formerly Hicks Muse, acquired a majority stake in the company. "Tamara Mellon, president and founder of Jimmy Choo, will continue to have direct oversight of the accessories firm’s creative direction, image and promotional activities. She will continue to work with Sandra Choi, creative director of the company, and will remain a significant shareholder of Jimmy Choo," reports Conti.
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What does the future fold for Jimmy Choo? "Bensoussan said future growth would come both from international development and extending the brand’s ranges beyond footwear, handbags and small leather goods."
-Joanne Molina of Second City Style
see WWD.com for the whole story