Jimmy Choo strides into Hong Kong
Wednesday 07 September 2011
Jimmy Choo has acquired its joint venture partner in Hong Kong to help drive its growth in the region, in one of the first strategic moves by new owner Labelux.
The luxury shoe brand has bought the remaining 50 per cent of its business in the former British colony from Bluebell Hong Kong.
Joshua Schulman, the chief executive of Jimmy Choo, said: "Having our own subsidiary in Hong Kong will allow us to further develop the brand and our business and become closer to our customers in the region." Jimmy Choo first entered Hong Kong through a distribution agreement with Bluebell in 2004.
Labelux, the luxury group that owns Bally, acquired Jimmy Choo from Tower-brook Capital in a deal worth more than £500m in July.
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