Jimmy Choo Announced Its Listing Plan In October To Seek A Valuation Of Over 700 Million Pounds.

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The Jimmy Choo Ltd., a luxury shoe brand listed on the stock exchange, finally announced the IPO (initial public offering) plan on Tuesday, which is confirmed to be listed in October. Its parent company, the German investment group Joh. A. Benckiser GmbH (hereinafter referred to as JAB), said it would sell at least 25% Jimmy Choo Choo's stake and seek a valuation of over 700 million pounds.

Jimmy Choo Ltd. disclosed in the announcement that sales in 2013 reached 281 million 500 thousand pounds, an increase of 16% over the same period, an increase of 7.1% over the base, and a 1.7% rise to 46 million 900 thousand pounds after the adjusted core earnings EBITDA.

In the first half of 2014, sales amounted to 150 million 200 thousand pounds, which was slower than the base growth rate to 2.2%, an increase of 9.4% under constant exchange rate, and the core profit EBITDA was 27 million 600 thousand after the first half adjustment.

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According to Jimmy Choo Ltd. CEO Pierre Denis, the company's sales in China are currently growing at a high double-digit rate and will continue to expand in the future, while Japan's growth rate will exceed 20%.

He pointed out that although some groups that have long been in China are experiencing difficulties, they still have opportunities for professional brands.

Jimmy Choo Ltd. will not issue new shares in IPO. After the listing, the company will form a new board of directors, which includes Peter Harf, Bart Becht, Fabio Fusco, Olivier Goudet, cable, cable, cable, cable, and chief financial officer.

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

At the end of June this year, Labelux Group GmbH was revoked by JAB, while Jimmy Choo Ltd., which belongs to Labelux Group GmbH, and the integration of Belstaff, Ltd. and Jimmy into the luxury sector established by New Zealand, was jointly managed by senior partner, chairman and chief executive officer, as well as the new chief financial officer of the luxury goods department, to strengthen direct management of luxury business and speed up the development of luxury business.

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One of the richest families, the private investment entity of Reinmen Lehmann family, was founded in 2007 by Labelux Group GmbH, a luxury management group. It was also a controlling shareholder of the cosmetology product group, Coty Inc. (NYSE:COTY), Cody group, which was listed last year.

In 2008, Labelux Group GmbH bought the majority of the personal brand of Solange Azagury-Partridge of London Jewelry Company and the American designer of China Derek Lam, then gradually increased Bally and Zagliani to the brand portfolio. Since 2011, the purchase of Jimmy Choo and Azagury-Partridge has not been acquired.

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

Zhou Yangjie, Jimmy Choo Ltd.'s founder and Malaysia born shoemaker Jimmy Choo, left the brand in 2001, then set up a private shoe shoe customization business and taught 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 was launched at the end of 2013.

The Jimmy Choo Ltd., founded in 1996, has expanded from the original women's footwear business to men's footwear, accessories and perfume products. It is now expanding its expansion in Asia, and plans to launch Japanese and Chinese e-commerce websites by the end of this year.

Jimmy Choo Zhou Yangjie's niece Sandra Choi is the current creative director of the brand.

As early as April, Bank of America Merrill Lynch (NYSE:BAC), which has been appointed as a listed consultant, is the sole sponsor of Jimmy Choo Ltd.IPO, the sole global coordinator and the joint account manager, HSBC Holdings PLC (HSBC) HSBC is another joint account manager.