Jimmy Choo, the luxury footwear and accessories brand, is set to take control of its Japanese retail business and open a string of stores in the country.
Jimmy Choo took a 50% stake in Jimmy Choo Tokyo KK as part of a joint venture in 2006 and operated the venture with Bluebell Japan.
Jimmy Choo chief executive Joshua Schulman, said the acquisition would help the brand to achieve plans to become a “world-class luxury brand across categories, channels and geographies”.
He added: “We look forward to getting closer to the customer in this critically important luxury market. The best is yet to come for the Jimmy Choo brand in Japan.”
The new subsidiary will operate 18 stores in the region and oversee the wholesale business in the country.
Bruno Bernon has been named president of Jimmy Choo Tokyo KK, reporting to Schulman.