Private Luxury Group Buys Jimmy Choo Brand

Labelux, a privately held luxury goods group in Austria, said it came to an agreement to acquire the high-end shoe and accessories company Jimmy Choo from TowerBrook Capital Partners, a private equity company, and minority shareholders.

The price of the acquisition was not disclosed. TowerBrook had considered taking Jimmy Choo public but opted to sell it to a strategic buyer. The sale values the company, based in London, at about $800,000,000, people with direct knowledge of the matter said, declining to elaborate because they were not authorized to discuss the matter.

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H/T: Jimmy Choo Shoes At Sister Site