"CVC, Hony and Michael Kors are mulling offers for the upmarket shoe designer ahead of a deadline next week, Sky News learns."
Well, we'll find out pretty soon now who, if any, will be the new owners. I was hoping for more than £800 million but who knows? If two of them really want it it may go up higher.
""""OUR BULLISH CALL on luxury shoe retailer
Jimmy Choo (CHOO) is now a handsome 39.7%
in the money. News (24 Apr) the British luxury
brand has put itself up for sale, a move backed by
majority shareholder JAB Luxury, saw the shares
spike again and we are taking our tidy 39.7% profit
off the table. Following its 2014 IPO at 140p, Jimmy
Choos shares initially struggled amid testing global
luxury market conditions. However, the equity has
since rebounded strongly and the decision to sell
looks rather opportunistic, Jimmy Choo perhaps
viewing this as the moment to fetch a decent price
for the business."""
...&very likely an asian buyer as it looks to exit CHOO and Bally (swiss based bags and shoes .i think they'll find a buyer because they'll look pretty stupid if they can't .to me it looks like a ploy to start an auction.
I think you've made a sensible decision to sell up, m8. The company is much too dependent on the shoe cobbler Sandra Wossname and, when Bartold Brecht stepped down from the board and appointed two party animal ravers instead, I chust knew that Jimmy Choo was going nowhere from the point of view of the only thing that matters, namely
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