Rieker
Jimmy Choo shoe brand up for sale again
29.04.2011 2237

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

Wildberries increased turnover in the 1st half of 2021 by 70%

According to the results of the first half of 2021, the sales turnover of the online retailer Wildberries increased by 70% year-on-year, and amounted to 303 billion rubles. The growth in sales of goods in pieces amounted to 82%, - noted in a press release ...
02.08.2021 110

World Footwear 2021 Yearbook: 2020 has been a tough year for the global footwear industry

2020 was a tough year for the footwear industry, but better than predicted. In 2020, footwear production and exports fell 15,8% and 19%, respectively, according to the Portuguese World Footwear 2021 Yearbook ...
02.08.2021 103

Adidas x Lego has released a new collection of Ultraboost DNA sneakers for adults and kids

The design of the latest sneaker collection created by the adidas and Lego collaboration is firmly associated with the most famous children's designer. Like the previous adidas x Lego collections, the models in this line feature a heel counter with ...
01.08.2021 132

YouTube Shoes Report: what awaits us in August?

In this issue of Shoes Report News we tell: when and where the Euro Shoes exhibition will take place, which brands and from which countries will be exhibitors, eco-trends in the production of shoes, the rise in prices for shoes and clothes, you can now buy wholesale shoes online, wholesale ...
30.07.2021 883

A laboratory for testing labeled goods appeared in Russia

The Association of Retail Companies, the TrekMark company and the operator of the national labeling system, Honest Sign, have opened a laboratory for testing labeling codes on goods. The center appeared on behalf of the Ministry of Industry and Trade on the basis of ...
30.07.2021 272
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning