Jimmy Choo NOT Buying Back His Namesake Label

It appears that shoe designer Jimmy Choo is out of the running to buy back the company that bears his name, with three investors shortlisted to acquire the shoe group. When the private equity group behind Jimmy Choo (the label) announced that it was exploring a possible sale of the luxury company, Jimmy Choo (the designer) declared his interest.

Tower Brook Capital is understood to have invited a shortlist of three investors to advance to a second round of bidding—and Choo is not on that list.

Tower Brook expects to sell Jimmy Choo for approximately double the company’s value since it was acquired for $450m four years ago.

Choo hasn’t had a hand in the shoe company that bears his name since selling his stake for $25m in 2001.


Thanks to ELLE UK for the heads up :)