Bahraini private equity firm may bid for Jimmy Cho - footwearbiz: Lead

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Bahraini private equity firm may bid for Jimmy Choo

07/06/2017
Investcorp, a private equity company based in Bahrain, is among the groups interested in acquiring UK luxury brand Jimmy Choo, according to a report in the London Evening Standard.

The company was among the bidders when Jimmy Choo was last for sale in 2011. It has also made an unsuccessful attempt to purchase a stake in fashion house Versace. In recent years, it has invested in silversmith Georg Jensen and Italian menswear brand Corneliani. 

Jimmy Choo put itself up for sale in April 2017. Its majority shareholder, Luxembourg-based investment firm JAB Luxury, supports the move. The company is believed to want to focus more on its rapidly growing coffee and food business. 

Among the companies reportedly interested in acquiring Jimmy Choo are US leathergoods groups Coach and Michael Kors. Chinese investment company Fosun has also been touted as a potential buyer, owing to the footwear company’s recent strong growth in the Asian market. 

Related stories:

Choo purchase buoys Michael Kors 10/08/2017
Michael Kors to buy Jimmy Choo for £896 million 26/07/2017
Men now own as many shoes as women - survey 14/06/2017
Weitzman owner touted as Jimmy Choo suitor 03/05/2017
Jimmy Choo puts itself up for sale 26/04/2017
Jimmy Choo CEO celebrates "landmark year" 08/03/2017
Jimmy Choo boosted by weaker pound 01/02/2017
Jimmy Choo expecting “record year” 28/11/2016
Growth for Jimmy Choo 01/02/2016
Jimmy Choo’s former tutor joins the University of Northampton 12/01/2016
Former Cordwainer Jimmy Choo presents UK’s Footwear Student of the Year awards 19/06/2015

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