Rieker
Jimmy Choo going in September for an IPO
12.09.2014 2708

Jimmy Choo going in September for an IPO

Jimmy Choo, a designer footwear and accessories company owned by JAB Holdings, may begin an initial public offering in London in September.

According to Bloomberg sources, JAB Holdings is preparing to announce plans to sell an 25 percentage stake in Jimmy Choo. The company attracted Bank of America as the organizer of the IPO and expects to attract approximately 1 billion from the placement of shares.

At the same time, according to this information, a final decision has not yet been made, and JAB may refuse an IPO.

Founded in 1996, Jimmy Choo was bought three times by private equity funds before it was acquired by JAB in 2011.

In case of a positive decision to conduct an IPO, the company will join the list of luxury brands that have carried out an initial public offering in order to raise funds to finance the development of operations. Previous IPOs were held by companies such as Moncler, Brunello Cucinelli and Salvatore Ferragamo.

The total IPO held in London since the beginning of the 2014 year reached 27 billion, which is the highest since the 2007 year, according to Bloomberg. The average growth rate of shares of companies after the IPO exceeded 7%.

JAB Holdings, a designer footwear and accessories company, Jimmy Choo, may begin its IPO process in London as early as ...
5
1
Rating

Latest News

Geox chose actress and TV presenter Yulia Vysotskaya as brand ambassador

The Italian brand Geox presented its first brand ambassador in Russia, actress and TV presenter Yulia Vysotskaya, and presented a new capsule collection of shoes and accessories for the spring-summer 2023 season, on which Geox designers worked…
09.12.2022 210

In St. Petersburg and the region, the volume of commissioning of warehouse real estate approached a record

According to the consulting company Nikoliers, in 2022, about 343 sq. m of quality warehouse space. This is 2,1 times higher than the figure for the whole of 2021, when…
08.12.2022 270

Uzbek shoemakers gather at Euro Shoes

Yan Belyaev, founder of the Euro Shoes premiere collection exhibition, and Uzcharmsanoat Fahriddin Boboev, chairman of the Association of Footwear Manufacturers of Uzbekistan, met at the BIOT-2022 international exhibition in Moscow and confirmed the importance of participation…
08.12.2022 244

Bata launches shoe collection made from recycled plastic bottles

Bata presented a collection of their Power brand called Love Ocean. The collection includes athletic-style shoes with lightweight and breathable uppers made from recycled single-use plastic bottles.
07.12.2022 269

Stores of Turkish brands will open instead of Mark & ​​Spencer and Gap in Russia

Stores of Turkish fashion brands Network, Beymen, Mudo will open at Mark & ​​Spencer and Gap squares, which are shutting down business in Russia, the telegram channel reports…
07.12.2022 445
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning