Fashion | Is Jimmy Choo For Sale?!

I know ladies your hearts must be pounding at this moment in time, lol. Although there alot of rumours that float about within the media, I am doubting this one is the same.

{Above from left – right} Vidal Bull {CEO VA-Garments, Jimmy Choo { Founder of Jimmy Choo} and Alan Adewale {CEO VA-Garments}

Luxury label Jimmy Choo has reportedly issued a memo to more that 10 potential buyers for the business, which is expected to raise up to £500 million.

TowerBrook Capital, the private equity group which bought the business for £180 million four years ago, is understood to still be exploring alternative strategic options for the luxury footwear firm as well.

The alternatives include an initial public offering, IPO, or TowerBrook retaining a majority stake and refinancing the business, reported Drapers.

People familiar with the process said Jimmy Choo was likely to attract interest from Asia and European family investment offices. Some strategic buyers and private equity firms may be interested, although a sale to a buy-out group would be the fourth time it had been in private equity hands, which may limit the potential upside for the new owners.

HOW MUCH DO YOU FEEL THIS MAY EFFECT THE SHOES THAT ARE MADE DESIGN WISE?

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