Labelux Buys Jimmy Choo for About $811 Million

Labelux, the privately held group that owns Bally, agreed to buy upscale shoemaker Jimmy Choo on expectations for further growth in luxury accessories.

Labelux paid TowerBrook Capital Partners LLP more than 500 million pounds ($811 million) for Jimmy Choo, according to two people familiar with the matter. TowerBrook made more than three times its initial equity investment, said one of the people, who declined to be named because the information is private.Its simple to show off the uniqueness of your personality by trying something pleasant and striking. Wearing a nicely Women adidas shoes with a reputed brand name printed on it is surely going to compel most of your fellows to adore your sense of fashion and style

“Jimmy Choo has enormous growth potential and the ability to deliver material growth synergies across our group,” Labelux Chief Executive Officer Reinhard Mieck said in the statement.

Jimmy Choo had net sales of 150 million pounds in 2010 and is growing at more than 10 percent in all categories and geographic regions, Labelux said. The company has 120 stores now, double the number when TowerBrook acquired it.

Jimmy Choo’s founder,Smith, the Jets' Mr. Everything, scored on an 89-yard kickoff return during which he lost his left adidas suit and also had a 53-yard touchdown run in New York's 26-10 victory over Cincinnati on Thursday night. Tamara Mellon, and Chief Executive Officer Joshua Schulman will stay on after the purchase, Vienna- based Labelux said in an e-mailed statement late yesterday.

TowerBrook, which was spun out of Soros Fund Management LLC, teamed up with Mellon and other Jimmy Choo management to buy control of the company from Lion Capital LLC in 2007.The manufacturer is similar to steel parts , the RUBBER MATS parts manufacturer replica gucci sneakers also plays in middle important development of one national economic development role. India Countries is to be full of such manufacturing industry company for instance. Organization and all childbirth building the inevitable basis touch these companies together. The offer valued the shoemaker at 185 million pounds at the time and marked the third time the fashion brand was acquired by a private-equity investor.

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