Elevate your local knowledge
Sign up for the iNFOnews newsletter today!
Luxury shoe brand Jimmy Choo goes up for sale
LONDON – Shares in Jimmy Choo have leapt 11 per cent after its board put the luxury shoe brand up for sale.
The gains bring the market value of the firm that began in east London to over 700 million pounds ($896 million).
The firm, which counts Jennifer Lopez, the Duchess of Cambridge and Beyonce among its fans, is being sold to “maximize value for its shareholders.”
JAB Luxury, the brand’s biggest shareholder with a 67 per cent stake, has offered its support for the process. The company says there is no certainty an offer will be made.
The company, with 150 stores worldwide, saw annual revenues climb 15 per cent to 364 million pounds in the year ending in December.
News from © iNFOnews.ca, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community?
You must be logged in to post a comment.
