Top shoemaker Jimmy Choo floats in London
Print Edition
SHOEMAKER to the stars Jimmy Choo yesterday stepped out on the London stock market in a float valuing the business at 545.6 million pounds (US$877 million).
The company, whose celebrity fans include Kate Middleton, Nicole Kidman and Lady Gaga, began conditional dealings with shares priced at 140 pence on the London Stock Exchange.
The company said in a statement that its owner, investment firm JAB Luxury, had sold a 25.9 percent stake in the partial initial public offering.
The IPO is aimed at raising cash to help the shoemaker tap further into strong Asian demand for luxury goods, particularly in China and Japan.
“We are delighted with our successful IPO,” said Jimmy Choo’s Chief Executive, Frenchman Pierre Denis. “Today’s announcement marks an important milestone for Jimmy Choo.”
The brand, whose shoes retail at between 350 and 2,100 pounds a pair, will use the IPO proceeds to open between 10 and 15 stores a year. The firm posted sales of 282 million pounds last year.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
