Jimmy Choo steps into new expansion
Monday 10 January 2011
Jimmy Choo, the luxury shoe designer, is to expand into selling clothing as part of its rapid brand expansion as it celebrates 15 years in the business.
Tamara Mellon's designer shoe retailer has already branched into bags and luggage, fragrances, eyewear and scarves. It is now planning to move into men's footwear, jewellery and homewares. Womenswear will follow.
TowerBrook Capital Partners, the private equity house which bought a majority stake in Jimmy Choo in 2007, is carrying out a "strategic evaluation". Analysts estimate it could be worth £500m.
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