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.


Leave a Reply...

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s