Jimmy Choo is up for sale

What it means for the luxury shoe and bag designer

jimmy choo for sale
(Image credit: Rex Features (Shutterstock))
Penny Goldstone
By Penny Goldstone
published

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.

Penny Goldstone
Penny Goldstone

Penny Goldstone is the Digital Fashion Editor at Marie Claire, covering everything from catwalk trends to royal fashion and the latest high street and Instagram must-haves.

Penny grew up in France and studied languages and law at the Sorbonne Nouvelle University in Paris before moving to the UK for her MA in multimedia journalism at Bournemouth University. She moved to the UK permanently and has never looked back (though she does go back regularly to stock up on cheese and wine).

Although she's always loved fashion - she used to create scrapbooks of her favourite trends and looks, including Sienna Miller and Kate Moss' boho phase - her first job was at MoneySavingExpert.com, sourcing the best deals for everything from restaurants to designer sales.

However she quit after two years to follow her true passion, fashion journalism, and after many years of internships and freelance stints at magazines including Red, Cosmopolitan, Stylist and Good Housekeeping, landed her dream job as the Digital Fashion Editor at Marie Claire UK.

Her favourite part of the job is discovering new brands and meeting designers, and travelling the world to attend events and fashion shows. Seeing her first Chanel runway IRL at Paris Fashion Week was a true pinch-me moment.

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