Jimmy Choo calls new investors. The ultra-luxury handmade shoe and bag company, founded by a Malaysian designer but based in London, has launched a new strategy to maximize shareholder value and seek out deals.
The company has analyzed and shared the decision with the controlling shareholder, Jab Luxury, a private German group which holds 70% and which has confirmed its support for the project.
At the moment no expression of interest has been received, the company specified, adding that any negotiation must be conducted in "a context of formal sale with the interested parties".
Interested parties, Jimmy Choo indicated, should contact BofA Merrill Lynch or Citi.
The company's shares are up 25% over the past year and are valued at £675m. In 2016 Jimmy Choo had revenues of £364 million and a net profit of £15,4 million.
