Headlines

Jimmy Choo Gets New Owner

Labelux Group beats outs TPG Capital and Jones Group for luxury shoemaker

Published

13 years ago

May 23, 2011

VMSD Staff

The Labelux Group (Vienna, Austria) has agreed to buy Jimmy Choo (London) from parent company TowerBrook Capital Partners LLP, which took control of the company from Lion Capital in 2007.

The deal is reportedly valued at more than $800 million.

Reinhard Mieck, ceo of Labelux, told Women's Wear Daily that the designer shoe brand was attractive because “it is not a niche brand. It has a wide range of customers and differentiated brand equity.”

Labelux was formed in 2007 and is a division of the private, family-owned Joh A. Benckiser SE, owner of perfume maker Coty Inc.

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