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The legendary Jimmy Choo shoe brand has a new owner, the label announced Sunday.

While an official statement has yet to be made, sources say that the new owner, Labelux, acquired the famous shoe company for around $890 million! Holy cow! Apparently, those $500+ price tags per pair really add up!

Jimmy Choo has been on everyone’s radar for over a decade, holding steady competition with fellow luxury shoe brands such as Manolo Blahnik and Christian Louboutin. With its consistent success, it is uncertain why the company felt compelled to sell the label; although, even a company worth that much couldn’t have gone unaffected by the economic hardships of recent years. Households in the midst of an economic crisis surely were quick to cut luxury shoes from their budgets to make ends meet.

Now what remains to be seen is whether or not Labelux will stay true to the Jimmy Choo brand, and continue to give loyal customers the quality and design that they’ve come to expect.

We’re sure that women all over the world that are hoping to be the next Carrie Bradshaw are shook that this sale is going to ruin their favorite brand of high-end heels.

via bossip.com

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