280m for Jimmy Choo By Sarah Davies LUXURY shoe brand Jimmy Choo was yesterday acquired by private equity firm TowerBrook Capital Partners in conjunction with the firm's management team, including president and founder Tamara Mellon.
TowerBrook, Ms Mellon, chief executive Robert Bensoussan and the rest of the management team purchased the top end designer brand for 185 million (280m) from the private equity group Lion Capital. The deal comes as part of a move to drive forward growth at the highly jimmy choo lang shoes rated womenswear group and will provide a fresh injection of capital as it looks towards acquisition opportunities.
The Spanish equity group Gala Capital also invested in the deal. Jimmy Choo, made famous by its celebrity fans, including the girls from the television show Sex in the City and singer Beyonc Knowles, was founded in London in 1996 and opened its first store in Motcomb Street. Latest: Manchester holds vigil in wake of attacksUnited's bid to sign Brady comes out jimmy choo trainers in the washWith four weeks until it's ready, here's jimmy choo shoes heels how Pirc U Chaoimh is progressingPerformers pay tribute to victims of Manchester Arena blastTop 8 pesto sauces tested'Very sad day' as retailer closes after 58 yearsProud Kingston won the tactical battleHeroic woman cared for over 50 children at a hotel after Manchester Arena attackWhat we know about Salman Abedi, the man named as Manchester suicide bomberEyewitness account: Homeless man cradled dying woman in his arms NEWSAll New Renault Mgane Launches in Ireland Pricing from 155 per monthAll New Renault Mgane Launches in Ireland Pricing from 155 per monthSPORTPeadar Healy: We just need to get jimmy choo lace up shoes out there and win gamesIt's all about how we handle the final pressure, reckons Rassie ErasmusLIFESTYLELauraLynn provide numerous services to families and support that is 'absolutely fantastic'Lorraine Kelly never felt better as she heads for 60.