Jimmy Choo eyeing London floatation for the autumn

Friday, 29 August 2014
Shoemaker Jimmy Choo is among the companies reportedly eyeing a stock market float in London in the autumn, along with RAC, BrightHouse, and Phones 4u.

Jimmy Choo, owned by JAB Holdings, along with luxury brands Belstaff and Bally, it is said to have hired bankers to explore a 1billion dollars float.

The Swiss owner of the upmarket shoe retailer would have allegedly held talks with investment banks about the possibility of a floatation in London.

Earlier in March, Labelux, which bought Jimmy Choo in 2011 from founder Tamara Mellon for 525 million pounds, said that no final decision was made at the time. Labelux was understood to want to float a minority stake back then.

Jimmy Choo has previously changed hands three times in less than 15 years. It traces its roots back to skilled Malaysian cobbler Jimmy Choo, based in east London in the early 1990s.

The news broke barely days after the London Stock Exchange (LSE) reported a 40 percent rise in profits, driven by a number of new entrants.

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