Labelux looking for funding for Jimmy Choo growth - footwearbiz: Leadi

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Labelux looking for funding for Jimmy Choo growth

19/03/2014
A report in the Financial Times has said Swiss group Labelux is considering selling a stake in luxury footwear brand Jimmy Choo to fund growth.

Labelux acquired Jimmy Choo in 2011, paying £525 million. Reports now say a sale of some of the equity or possibly even a flotation on the London Stock Exchange would value the company at £1 billion.

The Financial Times made it clear Labelux intends to keep control of the brand, and is seeking investment to fund an expansion of Jimmy Choo in Asia.

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