Sunday, May 22, 2011

labellux buys jimmy choo for an estimated $850 million


jimmy choo has been bought by labelux luxury group (they own bally, derek lam & solange azagury-partridge). it is reported they paid between £500 & 550 million -about $850 million- for the shoe label.
jimmy choo founder & chief creative officer tamara mellon & ceo josh schulman will stay with the company according to a statement released by the vienna based firm.

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