Shoe brand Jimmy Choo put itself up for sale after a deal with investor JAB, which currently owns 70 % of shares.
Sale not certain
However, the understanding with the current majority shareholder does not mean that the company will definitely be sold: Jimmy Choo said in a statement that it is looking at every strategic option, including a possible sale. It also added that it has not yet received a bid.
Jimmy Choo’s 2016 turnover grew 2 %, but that was slower growth than in previous years. In 2015, turnover grew 7 % and the year prior to that, it even achieved a 12 % growth. The company’s shares did grow 25 % in the past year, now valued at about 682 million pounds (800 million euro).