Luxury Shoes Jimmy Choo Close To IPO Valuation Of $1 Billion

Bank of America Merrill Lynch (NYSE:BAC) has been hired as the listing advisor of the Bank of America, Merrill Lynch (NYSE:BAC), as the luxury footwear brand Jimmy Choo is listed on the London Stock Exchange as soon as possible this month, two months earlier than the November of April. Jimmy Choo parent company and German investment group Joh. Choo (hereinafter referred to as) are expected to sell 25% stake in the first public offering, seeking a valuation of $1 billion.

In 2011, Labelux Group GmbH, a Swiss luxury group belonging to JAB, bought a majority of Jimmy Choo brand from TowerBrook Capital Partners at 526 million pounds. Since then, Jimmy Choo has achieved 30% per year.

Growth.

At the end of June this year, Labelux Group GmbH was revoked by JAB, and Jimmy Choo, which belonged to Labelux Group GmbH, and Belstaff, Bally, and Belstaff were integrated into the luxury sector, which was jointly established by the senior partner, chairman and chief executive officer, as well as the new chief financial officer of the luxury goods department, to strengthen the direct management of luxury goods business.

Speed up business development.

JAB is one of the wealthiest families in Germany. It is a private investment entity of Reinmen Lehmann (Lehmann store) family. In 2007, Labelux Group GmbH, a luxury management group, was also a controlling shareholder of cosy group, Coty Inc. (NYSE:COTY), which was listed last year.

Labelux Group GmbH in 2008

Solange Azagury-Partridge, a London jewellery company and a Chinese American designer Derek Lam, had a majority stake in their personal brand, and then gradually increased Bally and Zagliani to the brand portfolio. Since then, the purchase of Jimmy Choo and Belstaff has not been acquired since 2011.

In 2012, Labelux Group GmbH released Solange Azagury-Partridge and Derek Lam, focusing on the development of luxury brands of leather goods and footwear.

Jimmy Choo brand name founder, Malaysia born shoemaker Jimmy Choo Zhou Yangjie in 2001 has left the brand, then set up private shoe shoe customization business and teach shoe making technology.

And the other founder of the brand, Vidal Sassoon VS co-founder Tamara Mellon, started selling Jimmy Choo and started developing its personal namesake lifestyle brand, and raised $25 million from friends Tory Burch and others. The brand has been launched at the end of 2013 (2013 store).

Jimmy Choo, founded in 1996, has expanded its footwear, accessories and perfume from the initial women's footwear business and is deepening its expansion in Asia and plans to launch a Japanese and Chinese E - commerce website by the end of this year.

Jimmy Choo Zhou Yangjie's niece Sandra Choi is the brand's current creative (Creative store) director.