Jimmy Choo has been sold according to the latest reports. It is rumoured the sale of the label was for around a massive £525 million.

The deal, it is said, will be completed in June. With Labelux due to be the proud new owners of the brand, formerly owned by TowerBrook Capital Partners.

Tamara Mellon started the label in 1996 alongside shoemaker Jimmy Choo and will apparently be making a nice little profit from the sale.