Jimmy Choo was founded in 1996 in London by Mellon, a former Vogue editor, and shoemaker Jimmy Choo, who sold his interest in 2001. TowerBrook Capital bought 83% in February 2007 for £180 million. Ms. Mellon, who retains a 17% stake, will continue as chief creative officer.

Labelux, a small holding company that already owns the Swiss shoe brand Bally. Labelux also owns the Derek Lam fashion house and British jeweler Solange Azagury-Partridge.

"Jimmy Choo is an outstanding brand with enormous growth potential and the ability to deliver material growth synergies across our group," Labelux Chief Executive Reinhard Mieck said.

Jimmy Choo’s founder, Tamara Mellon, and Chief Executive Officer Joshua Schulman will stay on after the purchas.

I am definitely excited to see how the bran will be forming from now on! Will keep you posted!