US investor steps into Jimmy Choo

A US private equity group tonight said it had bought a majority stake in luxury shoe label Jimmy Choo in a deal valuing the company at £101m (€143.9m).

The European arm of Hicks Muse Tate & Furst said it had acquired the shareholding in the prestigious retailer from Phoenix Equity Partners, although it refused to reveal the size of the stake and the sum paid.