Jimmy Choo soon be traded on the London Stock Exchange?
The rumor circulating for over a year seems to be coming to a head. Almost twenty years after its foundation, Jimmy Choo could have its IPO this fall.
The English shoemaker owned by Labelux group, valued at as high as 900 million euros according to Reuters, is seeking a listing on its native London Stock Exchange. The group solicited council from Bank of America Merrill Lynch to explore this possibility, and would be willing, also according to Reuters, to sell a 25 % stake in the company.
TowerBrook group purchased 83% of the shoes and accessories company in 2007, before Labelux acquired it in 2011. Founded by the German Reimann family, which also owns the perfume company Coty, the Swiss-based group owns the British brand Belstaff as well as Bally and Zagliani. In 2012, the group sold its 'emerging' brands Solange Azagury-Partridge and Derek Lam.
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