Jimmy Choo Issue Interval Down

Because Zalando SE (ZALG.DE) and Rocket Internet AG (RKET.DE), and other European hot new shares in recent years, poor performance has hurt investment intentions, bankers revealed that the Jimmy shoes Choo Ltd., which will be listed on the London Stock Exchange, narrowed the issue price range from 140-180 pence before it to 140-160 pence, and has been fully subscribed, with long investors and sovereign funds most active.

Fund manager pairs

Ltd.'s 100 million debt and new store expenditure account for 8% of the total sales (average 5% of the industry).

People familiar with the matter say that Jimmy Choo Ltd. is likely to issue a 160 pence issue price in order to give the market a strong shot, which means that the market value of the company is about 624 million pounds, lower than the previous target of 708 million pounds.

If the excess allotment is exercised, the market value of Jimmy Choo Ltd. will increase to the maximum of 750 million pounds.

Without exception, Jimmy Choo Ltd. will be originally planned for this month.

Its parent company, the German investment group Joh. A. Benckiser GmbH JAB (hereinafter referred to as JAB), said it would sell at least 25% Jimmy Choo Ltd. shares, while Jimmy Choo Ltd. would not issue new shares in the Gulf.

At the end of last month, Jimmy Choo Ltd. Ltd. released its annual report, which disclosed that sales in 2013 reached 281 million 500 thousand pounds, an increase of 16% over the same period last year, an increase of 7.1% compared to the base, and the adjusted core earnings EBITDA 1.7% rose to 46 million 900 thousand pounds.

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%, and the growth rate reached 9.4% at the constant exchange rate, the first half of the year.

The post core profit of EBITDA was 27 million 600 thousand.

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At the end of June this year, Labelux Group GmbH GmbH was revoked by JAB, and Jimmy Choo Ltd., which belongs to Labelux Group GmbH, and integrated into the new luxury sector, including the senior partner, chairman and chief executive officer, as well as the newly appointed Vice President and chief financial officer of the luxury sector, to strengthen the direct management of luxury business and speed up the development of luxury business.

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

In 2008, Labelux Group GmbH purchased a majority stake in Solange Azagury-Partridge, a London jewellery company and a Chinese American designer Derek Lam, the same name. After that, Bally and Zagliani were added to the brand portfolio, and no acquisition was made after the purchase of Jimmy Choo Choo and 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.