Jimmy Choo Heading For An IPO
According to recent reports, Labelux, the luxury fashion conglomerate that bought the luxury footwear company for an estimated $850 million in 2011, is thinking of selling it or listing a minority stake in the company. It’s all part of a bit to raise money to support a push in new markets, particularly Asia, and also to help fund the expansion of its product categories, which currently includes shoes, bag and accessories.
There’s definitely a reason that brand’s are increasingly considering it. Michael Kors is one of the starkest examples of what happens when a company opts for a public listing at the right time. Approaching it in the way they are planning to will allow them to raise the necessary cash while maintaining control.
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