Luxury shoe maker Jimmy Choo puts itself up for sale

LUXURY shoe brand Jimmy Choo has put itself up for sale as it undertakes a review of its business.

The designer firm, which was made famous by Sex and the City’s leading lady Carrie Bradshaw, has not yet received any bids from potential buyers.


The British luxury brand specialises in shoes and accessories and has a market value of around £656million


Jimmy Choo has more than 150 stores worldwide

The company said it was putting up the “for sale” sign “to maximise value for its shareholders.”

The move is backed by Jimmy Choo’s main shareholder JAB Holdings, which holds a stake of around 67 per cent in the company.

The British luxury brand specialises in shoes and accessories and has a market value of around £656million.

In a statement released this morning, the firm said: “The board of Jimmy Choo announces today 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.”

Jimmy Choo has more than 150 stores worldwide, and was founded by businesswoman Tamara Mellon and couture footwear designer Jimmy Choo back in 1996, with both founders later selling their shares in the company.

The company is now run by its chief executive Pierre Denis, who has been at the helm since 2012.


Jimmy Choo founded the company more than twenty years ago


The luxury brand is popular with celebrities, including Katy Perry and Cara Delevingne

If you want a pair of designer shoes for a fraction of the price, online shoe retailer Ego is selling these cut-out biker boots for £44.99 which look similar to the ones seen at Burberry’s SS17 show.

While the green and blue versions are currently out of stock, shoppers can still pick up a pair of the red copycat heels, which have the same snake-skin effect pattern, chunky heel and buckle of the Burberry brand.

 

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