Labelux buys Jimmy Choo for $811 Million Dollars ... !

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.

“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 a 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, 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.

Jimmy Choo For Men!

Ok now we are excited !
Being a real shoes-addict I found myself jumping in front of my laptop when reading the amazing news: Jimmy Choo has a Men's Collection!
TAMARA MELLON has spoken to us about Jimmy Choo's debut menswear line, launching for autumn/winter 2011.
We are not liking everything but can't wait to buy a pair of the models above for my other half !

"It is really designed for the man on the arm of the Jimmy Choo woman, following the same theme of going out, whether it be to work, to the shops, to dinner or a club," Tamara Mellon says. "The Jimmy Choo man is one who exudes confidence and style whether he is an artist or an investment banker, and is understated but has an individual flare. He has a knowledge of fashion and an understanding of the quality and the finish of his clothing. Attention to detail in his accessories are important to him and distinguish him from his peers."
Love it !