Footwear and accessories business Jimmy Choo has bought out its joint venture partner in Hong Kong in a bid to become closer to its customers in the region.

Financial details were not released concerning the deal, which sees Jimmy Choo buy out joint venture partner Bluebell’s 50% stake, taking over control of five stores in Hong Kong and concessions in the Lane Crawford and Joyce department stores.

The move comes after the company was bought for more than GBP500m (US$800m) in July by luxury group Labelux from former private equity owner Towerbrook Capital.

“Having our own subsidiary in Hong Kong will allow us to further develop the brand and our business and become closer to our customers in the region,” said Joshua Schulman, Jimmy Choo chief executive.