As we mentioned yesterday in our post about the trials and tribulations of couture, cobbler Jimmy Choo doesn't design his namesake brand. However, he does design made-to-measure shoes under the moniker Jimmy Choo Couture. Choo also designs his own loafers, according to an interview in local British newspaper the Buckinghamshire Advertiser. Here's what else Choo had to say about footwear: "I have slippers [for around the house]. I always travel Malaysian Airlines, I'm a Platinum card holder and in first class you get comfortable slippers, I take them home with me." "I wear heels when I go to a club. English people are all taller than me. I have three inches with a half inch platform at the front. You have to get used to them." Read the rest of the interview here.
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Jimmy Choo Wants to Buy Back His Namesake Brand for £500 Million
Jimmy Choo wants to buy back Jimmy Choo. In case you haven't heard, Jimmy Choo, the shoe designer, doesn't actually own or design for his namesake label. In fact, he hasn't been involved since 2000. UK private equity firm, TowerBrook, owns the majority of the company. (The other big shareholder is co-founder/chief creative officer Tamara Mellon, who owns 15% of the business.) TowerBrook is keen on selling. LVMH, Valentino, and a few private equity firms have been whispered as potential buyers. But now Mr. Choo, the original designer and inspiration behind the brand, wants his label back. According to The Daily Mail, Choo has hired adviser Daniel Stewart to help him move forward with a £500 million offer for the company. (Choo will need investors to back his bid. Stewart will help him find the right ones.) Does he have a chance?
Labelux Buys Jimmy Choo for an Estimated $850 Million
On the selling block for the past year or so, Jimmy Choo has been bought from London-based private equity firm TowerBrook Capital by Labelux, a burgeoning luxury group which owns brands like Bally, Derek Lam and Solange Azagury-Partridge. Labelux reportedly paid between ₤500-550 million--around $850 million--for the high-end shoe label. According to a statement released by the Vienna-based firm, Jimmy Choo founder and chief creative officer Tamara Mellon and CEO Josh Schulman will stay on board, and Mellon will take a stake in the new company being formed by Labelux.
Jimmy Choo Didn't Design a Single Shoe, Says Tamara Mellon
The Jimmy Choo founder talks rehab and her former colleague in a juicy new interview.