TowerBrookTowerBrook Capital Partners, L.P.
TowerBrook Capital Partners L.P. Initiating a Review of Strategic Alternatives for Jimmy Choo
September 10, 2010 – TowerBrook Capital Partners L.P. (“TowerBrook”), the international private equity firm, today announces that Goldman Sachs and Morgan Stanley have been retained to consider long-term strategic alternatives for global luxury brand Jimmy Choo. As Jimmy Choo continues to deliver its strong growth trajectory across all regions, such alternatives include a range of options including accelerating the Company's expansion via new strategic initiatives and new partnerships or accessing alternative financing markets to further drive the Company's retail growth and new product development. TowerBrook will work alongside Jimmy Choo's Founder and Chief Creative Officer Tamara Mellon OBE and CEO Joshua Schulman to protect and enhance the image of the Jimmy Choo brand.
TowerBrook Co-CEO, Ramez Sousou, said: “Jimmy Choo is an important investment for TowerBrook. Jimmy Choo has continued to evolve as a successful, innovative and high-value business, delivering record revenue growth and profitability while preserving its pristine brand equity. We are now initiating a review of the best strategic and financing options for the business to support its long term development and continued success. We are proud to be associated with this brand and team and remain highly committed shareholders.”