Money Matters - Simplified

Jimmy Choo

Labelux acquires Jimmy Choo for $812mn

In an attempt to strengthen its foothold in luxury market, Labelux, the privately held group has acquired the high-end shoe and accessories label Jimmy Choo, leaving behind other potential buyers TPG Capital and Jones Group.

Michelle Obama’s first year at White House ‘outstanding success’

Washington, January 14 -- First lady Michelle Obama pondered over her first year at the White House Wednesday, and called it an ‘outstanding success’.

H&M to sell Jimmy Choo shoes and bags

New York -- The Swedish-based discount fashion clothing chain H&M says it plans to start selling a line of Jimmy Choo footwear and handbags this fall.

The British luxury accessories brand is creating a line of shoes for H&M that are expected to be priced between $59 and $299, the New York Post reported.

The limited-edition footwear for men and women, bags and accessories are slated to debut Nov. 14 in 200 stores around the world, H&M said Wednesday.

Copyright 2009 by United Press International.