17th March 2011 by admin in Luxury Trends tags : Bernard Arnault, Jimmy Choo, luxury brands, Luxury Shoemaker, LVMH
LVMH Moet Hennessy Louis Vuitton SA, the world’s largest maker of luxury goods, seems to be having an inspirational spring shopping time.
Just one week after sealing the deal to acquire Italian jewelry house Bulgari, LVMH joins the race for the celebrities’ shoemaker, Jimmy Choo.
As Sunday Times reported this weekend, the shoe brand, founded by Tamara Mellon, could be sold for as much as $804 million.
The private equity company Towerbrook hired Goldman Sachs Group Inc. and Morgan Stanley to sell Jimmy Choo, the paper also said.