Jimmy Choo seeks IPO

Jimmy Choo seeks IPO

Luxury shoe producer Jimmy Choo is interested in going to the stock exchange to get additional funds to speed up its Asian expansion. The company would be valued at 1.2 billion euro.

Funds for increased Asian expansion

Jimmy Choo has 150 stores in 32 countries, but wants to expand into Asia even more in the next few years as the sale of luxury products is on the rise over there. Ever since Labelux purchased the company in 2011, its growth has been an astonishing 30 % per year.

 

The Sunday Times believes Labelux has appointed Credit Suisse and Deutsche Bank to accompany an IPO, which is meant to attract new investors who will get a minority stake in the company if they invest.

 

Currently, the German Reimann family owns Jimmy Choo through its Joh. A Benckiser and Labelux holdings. It bought the brand in 2011 for 525 million pounds (now some 630 million euro) from Malaysian founder Jimmy Choo and British entrepreneur Tamara Mellon. Its shoes are in the 200 to 2,500 euro range.

Questions or comments? Please feel free to contact the editors


Lucas Bols drunk in love with Passoã

16/11/2017

Liquor manufacturer Lucas Bols’ turnover has grown 23.8 % in the first six months of its broken fiscal year, to 48.8 million euro. Aside from 0.5 %, the entire growth is thanks to liquor brand Passoã’s integration.

"Hunkemöller prepares IPO"

16/11/2017

According to financial press agency Bloomberg, investment company Carlyle Group ordered Rothschild bankers to prepare an IPO for Hunkemöller.

Italian Food-focused theme park opens in Bologna

16/11/2017

Fans of Italian cuisine have to head to Italian Bologna, where Eataly World opened, a theme park focused on Italian pasta, wine, pizza and more.

CEO Bernard Deryckere will leave Alpro

16/11/2017

Bernard Deryckere, who was the man behind Belgian dairy company Alpro’s international success, will leave the company after sixteen years. Apparently, he will leave because of differences of opinion with its new owner, Danone.

Ahold USA trials robot in Giant Food Store

15/11/2017

Ahold USA is currently trialing a robot in a Giant Food Store. Its job is to detect dangers and then ask for assistance. He can also point out empty shelves and check prices.

India is promised land for Belgian apples and pears

14/11/2017

India is turning into the promised land for Belgian fruit farmers. It is already Belgian apples’ most important non-European market and Belgian pears are also promoted throughout the country.

Back to top