Jimmy Choo Acquired By Labelux
Jimmy Choo, the high-end footwear line, was acquired by German luxury-goods holding company Labelux for a reported $811 million. Labelux, which owns the Bally shoe brand and the Derek Lam label, is the third owner for the brand in seven years. Co-founder Tamara Mellon retains 17 percent ownership and will keep her post as chief creative officer.
