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Could Jimmy Choo Be For Sale?

Labelux have big plans for Jimmy Choo, and selling a minority (£1 billion!) share could be on the cards! Read more here.

Melvin Velvet and Metallic Leather Sandals

Source: The High

The latest news comes from the Jimmy Choo camp, as owners Labelux, could be selling a £1 billion share of the brand!

“Labelux has a long-term vision and development plan for Jimmy Choo and has no intention of giving up control of the company,” sources told WWD“If there is any listing at all, it will be a minority one. The company has been expanding over the past three years, and it’s a very normal process to discuss the next steps to accelerate growth. The reality is that anything can happen in this climate: There is a financial bubble that favours IPOs now, but anything can happen to change that.”

With so many brands considering an IPO, alongside Michael Kors and Moncler that have become unstoppable since their IPO release, it comes as no surprise that Jimmy Choo are considering following suit.

A source told The Sunday Times that the luxurious brand is looking into an IPO as early as this year and has already held meetings with bankers to discuss the matter. Although other rumours have proposed the opposite, that the IPO would still be some time away. Only Labelux knows…

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