Jimmy Choo at a discount: £550 million (article)

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Labelux to Buy Jimmy Choo 


Upscale shoe-maker Jimmy Choo is being sold to German luxury-goods company Labelux, the latest deal in a flurry of luxury-goods acquisitions as the industry rebounds from the economic crisis.
Labelux, a small holding company that already owns the Swiss shoe brand Bally, said it is buying the iconic stiletto label from TowerBrook Capital. Financial details weren’t disclosed, but earlier reports suggested Jimmy Choo was valued at £400 million to £550 million ($650 million to $895 million).
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