Jimmy Choo heads to London stock exchange | RetailDetail

Jimmy Choo heads to London stock exchange

Jimmy Choo heads to London stock exchange

Shoe seller Jimmy Choo will apply for a London stock IPO at the end of October. A quarter of the company's shares will become publicly available with a total worth of 0.7 to 1 billion pounds (0.9 to 1.3 billion euro).

Investor-controlled since 2011

 

Jimmy Choo was founded in 1996 by a former British Vogue accessory editor, Tamara Mellon and Malaysian shoe maker Jimmy Choo. The collaboration ended in 2001 when Mellon bought Choo's part of the company and investment company Joh. A. Benckiser has full control of the company since 2011.

 

The shoe seller, boosted a lot through Sex and the City and famous for its high-heel shoes, managed a 282 million pound (360 million euro) turnover in 2013. In the first half of 2014, it managed sales of 150.2 million pounds (190 million euro).

 

Jimmy Choo currently has some 120 stores worldwide and plans to open 10 additional stores per year, particularly in Asia. The brand is still under-represented in that region and it has a high demand for luxury products, which means it still has room for expansion. It also wants to expand its wholesale activities. 

Questions or comments? Please feel free to contact the editors


Multinationals fail their healthy food claims

24/05/2018

Food multinationals are not doing enough to make their products more healthy, according to Access to Nutrition Foundation. NestléUnilever and Danone are top of the class.

Ahold Delhaize launches digital lab in the United States

22/05/2018

Ahold Delhaize’s American division will found a new company focused on digital innovation: Peapod Digital Labs will become a lab for new digital, eCommerce and personalization strategies. 

Carrefour forced to shut down hundreds of Dia stores

22/05/2018

Carrefour has not found a buyer for hundreds of its former Dia stores in France yet. That may force nearly 230 stores to shut down.

Carrefour and Tencent launch high-tech store in Shanghai

22/05/2018

The recently launched ‘Le Marché’ store formula, a first collaboration between Carrefour and Tencent, allows customers to pay with face recognition at unmanned checkouts.

Hoegaarden moves part of production to Vietnam and China

18/05/2018

Hoegaarden experiences strong growth in Asia, but is losing ground in Europe. That is why AB InBev will move part of the production to China and Vietnam: the brewery in Hoegaarden will lower cut its production days by 2 a week.

Holland & Barrett wants vegan stores

17/05/2018

British health chain Holland & Barrett (previously known in the Benelux as Essenza) plans to open completely vegan stores, a trend the chain needs to follow according to CEO Peter Aldis.