Jimmy Choo For Sale?

[farou7a]

THE OWNERS of Jimmy Choo are considering selling the label for a price tag of up to £500 million after reportedly seeking "strategic options" from investment banks.

According to the Sunday Telegraph, the company's shareholders may appoint an advisor to help work on a strategic review by the end of the summer. The business has been valued at between £450 and £500 million.

Sources said Jimmy Choo owners may want to hold back on selling with a view to sell for £1 billion in the years ahead.

Tamara Mellon, who founded the business in 2006, owns a fifth of the firm.

 

[shoesexy]

Must be difficult going against Louboutin these days.

 

[farou7a]

Oh definitely. But I was still shocked! for SALE? Really? tsk..

 

[Omnis]

I'm sure Jimmy's pleased he sold his 50% stake for 10 million a few years back .. Heh.

 

[Jungla_Juana]

they should have sold a few years back when there was more hype surrounding Jimmy Choo... unless they unleash some magical marketing stragegy to compete with Louboutin abd the other up-and-comers, I very much doubt the brand will rise in value.

 

[farou7a]

^ you're right..