Labelux news and archive

Belstaff names new chief executive

British luxury label Belstaff has named Cartier’s Gavin Haig as its new Chief Executive Officer, and will take up the role on July 21. Haig succeeds Reinhard Mieck, CEO of Belstaff’s parent Labelux Group, who has been the brand’s interim boss after Harry Slatkin exited as CEO last year. He joins Belstaff following a 20-year career with Richemont...

Design

Possible IPO looms closer for Jimmy Choo

Speculation surrounding a future IPO for luxury footwear label Jimmy Choo finally seems to reaching its climax, as the label could float as early as this fall. Jimmy Choo, owned by luxury group Labelux, is preparing for a listing on the London Stock Exchange and may be valued as much as 900 million pounds, according to Reuters. The privately...

Design

Owner of Jimmy Choo considers future IPO

The owner of luxury footwear company Jimmy Choo, Labelux, has reportedly held meetings with selected bankers to discuss the potential sale of a minority stake in the company through an initial public offering. While sources close to The Sunday Times implied that an IPO as soon as early this year, other sources told WWD that an IPO would be be...

Design

Bally names new chief executive

Swiss luxury brand Bally has appointed Frederic de Narp as its new chief executive, effective November 4. De Narp joins Bally from his position as president and chief executive of Harry Winston, where he has been credited with turning around the luxury jewellery and watch brand. Reinhard Mieck, CEO of Bally’s parent company Labelux said: “We are...

Fashion

Derek Lam buys back own label

Swiss luxury group Labelux has sold the Derek Lam brand back to its founders, Lam and Jan-Hendrik Schlottmann. The sale is part of a refocusing plan to become a global player in the luxury goods market, reported the Financial Times. “We have taken a strategic decision to refocus our activity on luxury leather goods and shoes,” Labelux CEO...

Fashion

Jimmy Choo takes over Bluebell

The towering luxury heels maker, Jimmy Choo, has bought out its Hong Kong joint venture partner, Bluebell, for an undisclosed sum. With this movement, the fashion label takes control of its operations in Hong Kong. New owner Labelux, the private European luxury group which acquired Jimmy Choo from TowerBrook Capital in a deal worth more than £...

Fashion

Belstaff joins Labelux portfolio

'Tis the season for mergers and acquisitions in the fashion sector, and hot on the heel of Jimmy Choo comes the purchase of Belstaff by Swiss luxury goods business Labelux.The undisclosed deal follows on from the recent retail acquisition surge, with the purhcases of Kurt Geiger, Moncler and Labelux’s own purchase of Jimmy Choo being the...

Fashion

Jimmy Choo bought by Labelux

Luxury British shoewear brand Jimmy Choo is acquired by Labelux from London based private equity firm TowerBrook Capital Partners LP. Two sources familiar with the deal said Jimmy Choo is bought for an estimated 500 million British pounds ($812 million). Towards the end of June the deal is expected to close. Labelux confirmed co-founder and...

Design

Labelux to buy Jimmy Choo

Labelux, the European luxury goods group, is thought to be initiating a sale to buy Jimmy Choo for a price believed to be in the region of £550m. Labelux, whose other investments include retailer Bally and designer Derek Lam's ready-to-wear business, was founded by Austria's Benckiser family, which also owns a 15pc stake in Reckitt Benckiser and...