Jimmy Choo Re-sold

Lion's Group International (owned by Texas gazillionaire Tom Hicks) purchased Jimmy Choo in 2004 and decided they've made enough money on their investment so they've sold it to TowerBrook Capital for $364.5 million dollars this week. Tamara Mellon remains as figurehead and says she plans to expand into sunglasses, lingerie, and swimwear under the Jimmy Choo brand. Sandra Choi, Jimmy Choo's niece, will stay on as Creative Director. Maybe we'll see an improvement in it's line of bags but don't hold your breath.

source: bagsnob.com