Jimmy Choo puts itself up for sale

Jimmy Choo shoesJIMMY CHOO

Luxury shoe maker Jimmy Choo has said it is seeking potential offers for a sale of the business.

The firm, which has a market value of about £700m, has not received any bids yet and is also weighing other options.

As well as shoes, Jimmy Choo produces a range of luxury goods, but has seen sales slow in recent years.

The move received backing from Jimmy Choo’s main shareholder JAB Holdings, which is also an investor in Krispy Kreme donuts and luxury firm Coty.

Jimmy Choo’s footwear is often seen on the red carpet worn by celebrities such as Jennifer Lopez and Beyonce.

The Duchess of Cambridge is also a fan of the British shoe designer, as is Oscar winning actress Emma Stone.

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