Soho
Jimmy Choo shoe brand up for sale again
29.04.2011 2666

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

Dr.Scholl collaborates with denim brand RE/DONE

The Dr.Scholl and RE/DONE collaboration reimagines the acclaimed Dr.Scholl Pescura sandal with wooden soles. The limited capsule collection went on sale in the spring-summer season…
27.03.2023 44

The online trading market in Russia grew by almost 40% in 2022

According to Data Insight, by the end of 2022, the turnover of online retail trade in Russia grew by 38% and reached 5,7 trillion rubles. In physical terms, the growth was 65%, up to 2,8 billion…
24.03.2023 243

Wildberries accepted the second phase of the logistics complex in Krasnodar

The Russian online retailer Wildberries is strengthening its own logistics infrastructure in various regions of Russia. In February 2023, the construction of the second stage of the logistics complex in Krasnodar was completed. The total area of ​​the logo center…
24.03.2023 266

Hey Dude aims to increase sales to $1 billion in 2023

Crocs Inc., which completed its acquisition of the Hey Dude brand in February last year, said the shoe brand's 2022 revenue exceeded initial expectations to reach $986,2 million. Crocs CEO Andrew Ries…
24.03.2023 237

Converse collaborates with streetwear brand Stüssy

Until the end of March, the iconic Converse Chuck 70 sneakers will appear in an updated version, thanks to the forthcoming collaboration between Converse and another American streetwear brand.
23.03.2023 335
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning