Well-heeled buyer sought for shoe company Jimmy Choo
The board of luxury shoe brand Jimmy Choo, whose celebrity fans include model Cindy Crawford, has put the business up for sale as part of a strategic review.
The company said yesterday that it has decided to conduct a review of the various options open to it, including a sale, in order to "maximise value for its shareholders".
"The board of Jimmy Choo announces that it has decided to conduct a review of the various strategic options open to the company to maximise value for its shareholders and it is seeking offers for the company," Jimmy Choo said.
The brand's largest and controlling shareholder, JAB Luxury, has thrown its weight behind the sale process, although the company added that it hasn't received any approaches. The board is working with Bank of America Merrill Lynch and Citi on the deal.