Jimmy Choo plans $1 billion IPO
Jimmy Choo, co-founded by British designer Tamara Mellon, could be planning to have its initial public offering in London this month.
JIMMY CHOO, the British luxury shoemaker owned by JAB Holdings, could kick off a initial public offering in London as soon as this month.
The company has hired Bank of America Corp. to manage the sale and is seeking a valuation of about US$1 billion, according to Bloomberg.
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If it does go ahead, Jimmy Choo would follow luxury companies including Moncler SpA, Brunello Cucinelli SpA and Salvatore Ferragamo SpA in selling a stake on the stock market to fund expansion.
Jimmy Choo, which was acquired by private-equity investors three times before being bought by JAB in 2011, sells women’s and men’s shoes, handbags and accessories in more than 100 stores worldwide.
Its eponymous designer left the label in 2001, followed by co-founder Tamara Mellon (pictured above) a decade later.
