Jimmy Choo Seeks To Sell Its Shares Up Nearly 5%.

The global luxury fashion retailing turmoil has more

The sale or merger between brands is in the making. According to the world clothing shoes and hats net, the British shoe luxury brand.

(LON:CHOO) today it is confirmed that it is seeking sale, and its share price has risen nearly 5% after the news came out.

In a statement, the company said that the board of directors of Jimmy Choo has today decided to review the company's strategic options to maximize shareholder value and seek sale.

Some analysts pointed out that

Private Equity Investment Firm, which may attract the world, including private investors from China and Qatar, as well as luxury luxury giants such as LVMH, Kai Yun group, Lifeng group, and Coach and Michael kors, the two luxury brands of the acquisition strategy.

Jimmy Choo was co founded by Zhou Yangjie and Tamara Mello, who was a fashion accessory editor at the time in the British edition of Vogue. However, the two founders left the brand in 2001 and 2011.

At present, Zhou Yangjie's niece Sandra Choi is the creative director of the brand.

The picture shows the recent stock price trend of Jimmy Choo.

Jimmy Choo also revealed that it was working with banks such as Merrill Lynch and Citigroup, and indicated that interested parties could contact them.

However, as of press release, the company said it had not received any offers and did not disclose potential buyers.

It is noteworthy that JAB, the largest shareholder of Jimmy Choo, has participated in the strategic review process and confirmed its decision to support the board.

JAB is an investment company under the German Lehmann family Reimann. The latter is one of the richest and most mysterious families in Europe. It controls some of the world's most famous global brands through JAB, including Cotti (Coty), Bally (Bally), Derek lamb (Derek Lam) and the British leje group (Reckitt Benckiser).

At present, JAB owns Jimmy Choo up to 68% stake.

According to the world clothing and shoe net, Jimmy Choo became the most radical luxury brand in 2015, representing the annual expansion of 10-15.

Some analysts believe that compared with the global luxury brands, Jimmy Choo is still relatively weak brand, which is like the British luxury brand Burberry half a year income is 1 billion 600 million pounds, which is almost the same as the total annual sales of Jimmy Choo.

HSBC analysts said last month that the performance of Jimmy Choo was slowing, and the actual sales growth in 2016 was only 2% to 364 million pounds, while the growth rates in 2015 and 2014 were 7% and 12% respectively.

According to statistics, men's shoes become the fastest growing category of Jimmy Choo, driven by the Asian market.

Last year, shoes accounted for 75% of sales. The company said that men's shoes and accessories accounted for about 9% of the total revenue.

In addition, the license agreement between Jimmy Choo and Safilo was extended to 2023, and the male sunglasses were planned to be launched in 2018.

Jimmy Choo was listed in London, England in 2014, and now has more than 150 stores worldwide.

Since the beginning of this year, the stock price of Jimmy Choo has increased by more than 20%, and its market value is about 670 million pounds.

More interesting reports, please pay attention to the world clothing shoes and hats net.