The fashion world is buzzing with questions on whether Jimmy Choo will be bought out by LVMH or Jimmy Choo himself. The Malaysian designer has been accumulating his assets in order to buy out the $242 million brand, which he has been keeping his eye on for some time, reports Daily Front Row.
It seems that Jimmy Choo’s luck has changed when the news that the Malaysian government has stepped in as a potential backer for the purchase, reports NBC New York. It has also been reported by a spokesperson for Daniel Stewart, that Mr. Choo has hired his investment bank and corporate advisory firm to assess his options. In 2001 Jimmy Choo sold his 50% stake in the company to Equinox Luxury Holdings Ltd. At this time Jimmy Choo is currently owned by Equinox Luxury Holdings Ltd, and and Tamara Mellon.