What it means for the luxury shoe and bag designer
In a move that no one saw coming, Jimmy Choo has put itself up for sale.
The luxury shoe and bag designer said that, ’it has decided to conduct a review of the various strategic options open to the Company to maximise value for its shareholders and it is seeking offers for the Company.’
But that’s not to say the company is in trouble, in fact, far from it. It’s valued at £682m and last year operated profits of over £40m, mainly thanks to its luxury trainers and a growing interest in men’s shoes.
So far, no buyers have made offers, but it’ll be interesting to see who comes forward.
Celebrity clients include Meryl Streep, Emma Stone, Zoe Saldana and Cara Delevingne to name but a few. Oh, and Carrie Bradshaw of course, who is widely credited for putting the shoe brand on the international map.
The company was founded in 1996 in London by Malaysian fashion designer Jimmy Choo and British designer Tamara Mellon, who at the time was accessories editor at Vogue.