Jimmy Choo IPO will go ahead in October - footwearbiz: Leading site fo

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Jimmy Choo IPO will go ahead in October

24/09/2014
Investment group JAB Holdings has confirmed to business media that there will be an initial public offering (IPO) of equity in its luxury footwear brand Jimmy Choo. It said the IPO will take place in London in October.

JAB Holdings has said it aims to sell at least 25% of the equity in Jimmy Choo to investors and to achieve a valuation of the company of around $1 billion.

In comments to Bloomberg, Exane BNP Paribas analyst Luca Solca said that luxury brands are less popular than they once were among investors, but he added that smaller brands can still command high values.


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