The expansion of Jimmy Choo continues apace as its owner, the private equity firm TowerBrook (which bought the company 3.5 years ago), mulls over the options for recapitalisation with Goldman Sachs and Morgan Stanley. Whether they decide an on IPO, a sale to another private equity firm, or to keep their investment for another 3-5 years, all options on the table according to an insider, is to be decided, but in the meantime the product side of the business under Chief Creative Officer Tamara Mellon has sprouted another extension: travel bags.
Here they are: Read more
Vanessa has been the FT’s fashion editor since 2003, and is based in New York, though she lived in London for 12 years.