Rieker
Jimmy Choo shoe brand up for sale again
29.04.2011 2847

Jimmy Choo shoe brand up for sale again

Last Monday, TPG, a large US investment fund, confirmed a request for the repurchase of the well-known shoe brand Jimmy Choo, reports sostav.ru with reference to The Wall Street Journal.

Informed sources told the WSJ that TPG is one of three companies that have applied to buy the brand. Prior to that, the desire to acquire Jimmy Choo was expressed by the American Jones Group Inc., which owns the brands Nine West and Jones New York, and the Bahraini Investcorp, which entered into a contract with the German holding company in the field of luxury goods Labelux Group.

 TPG refused to provide further information on the bidding process, but dispelled rumors that it was negotiating with the company's founder Jimmy Chu on joint brand management.

Jimmy Chu co-founded Tamara Mellon in the 1996 year, but in the 2001 year he sold his shares and left the company. The brand was last sold in 2007 for $ 297 million. Currently, the estimated cost of Jimmy Choo is between $ 600 and $ 800 million. Morgan Stanley and Goldman Sachs are managing the sales process.

Last Monday, TPG, a large American investment fund, confirmed an application to buy out the famous footwear brand Jimmy Choo, sostav.ru reports with reference to The Wall Street ...
5
1
Rating

Latest News

Balenciaga has released a new interpretation of the sneaker with a knitted upper

Mixing two iconic silhouettes from its collection - the stretchy knit upper of the Speed ​​line and the wide rubber sole of the 3XL - French luxury brand Balenciaga has released a new sneaker model, appropriately named - 3XL Sock...
25.09.2023 204

The number of visitors to the Italian leather exhibition Lineapelle increased by 25%

The Milan international exhibition of leather, textiles, synthetic materials, accessories and components Lineapelle has ended and noted a 25% increase in attendance compared to the previous statistics...
24.09.2023 162

Birkenstock's new factory is up and running

German shoe brand Birkenstock has announced the start of operations at its new factory in north-eastern Germany, near Pasewalk. The enterprise was put into operation just 17 months after the start of construction, writes...
24.09.2023 204

Santoni focused on the women's collection

The Italian luxury brand Santoni, associated primarily with men's fashion, has paid more attention to women's fashion for the spring 2024 season...
22.09.2023 431

Attendance at Micam and its sister fairs in Milan increased by 21%

From 17 to 20 September, 42 people visited Micam and its accompanying exhibitions, an increase of 273% compared to September 21. Organizers note an increase in the number of foreign...
22.09.2023 414
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning