Jimmy Choo is synonymous with the word luxury. Known globally for their shoes which carry a super-high price point, the company also manufactures a variety of other goods which sell extremely well.
As their stock and logo continue to reap serious gains, the powers that be have decided to put the company on the market.
A change of hands can indicate failure. In this case it simply means it’s time to perhaps get while the getting is good.
The company’s shares climbed 7.6 percent to 1.81 pounds, or $2.32, in mid-morning trading, following an announcement to the London Stock Exchange.
“The Board of Jimmy Choo announces today that it has decided to conduct a review of the various strategic options open to the Company to maximize value for its shareholders and it is seeking offers for the Company,” the company stated.
Jimmy Choo has discussed the strategic review process with its majority shareholder, JAB Luxury GmbH (“JAB Luxury”), and JAB Luxury has confirmed that it is supportive of the process.
The Takeover Panel has agreed that any discussions with third parties may be conducted within the context of a “formal sale process” (as defined in the City Code on Takeovers and Mergers (the “Takeover Code”)) to enable conversations with parties interested in making a proposal to take place on a confidential basis. The Company is not in receipt of any approaches at the time of this announcement.
Parties with a potential interest in making a proposal should contact BofA Merrill Lynch or Citi.”
The company is experiencing serious growth in their men’s category which is expanding into eye-wear this year.
Those that are still linking Jimmy Choo to the women’s wear that made them famous are a step behind and should take this opportunity to get ahead.
Their men’s line is durable yet pushes the envelope and is lighting the way into the brand’s bright future.
Watch: Jimmy Cho0 Debuts Men’s Pre-Fall Collection