Sunday, February 04, 2007

Jimmy Choos on sale for £90m

You're not really wearing a pair of shoes unless its fashioned by Jimmy Choo's (shoes) ... Former It girl is set to make £90m from the sale of Jimmy Choos must have A-list fashion accessory from London to Beverly Hills, Las Vegas and the likes of celebrities from Sarah Jessica Parker to Julia Roberts and Beyoncé Knowles. Tamara Mellon observed that

“At the end of the day, the person who has the money has the control”

Judging by the latest reported developments at Jimmy Choo, the glamorous shoe business Ms Mellon founded in 1996, she is about to enjoy considerably more of both. Ms Mellon, a one-time It girl and Vogue accessories editor, stands to make a £90m fortune from the sale of her business, having appointed the investment bank NM Rothschild to evaluate a number of approaches which have come within the past month. One party is understood to have offered as much as £180m for the business.

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