A pair of Jimmy Choos or a Marc Jacobs bag is more than a woman's guilty pleasure -- it's a wise investment.
And with demand for high-end shoes and handbags growing, designers and investors are finding a flattering fit in luxury accessories, evident in the runway looks at New York Fashion Week and the recent sale of Jimmy Choo.
The $364 million acquisition of Jimmy Choo by a private equity group led by TowerBrook Capital is just the latest in a series of deals and investments in the profitable luxury market, says Marshal Cohen, chief industry analyst for market research firm NPD Group.