Jimmy Choo poised to float on London Stock Exchange
London designer shoemaker Jimmy Choo has announced its intention list its shares on the LSE.
Co-founders Jimmy Choo and Tamara Mellon opened the first store in East London in 1996, and was acquired by JAB Luxury in 2011.
The shoemaker, which had sales of £282 million in 2013, is now set to expand into Asian markets.
In preparation for the IPO, the company has announced the appointment of four independent non-executive Directors.
Pierre Denis, CEO of Jimmy Choo, said: “Jimmy Choo is an outstanding business operating in one of the fastest growing segments of the luxury market.
“In recent years our talented teams have worked tirelessly to develop a focused business model with the requisite skills, innovation and investment to outperform in this category.
“The results speak for themselves through Jimmy Choo’s strong continued top line growth, progressive margins and cash generation.
“Jimmy Choo is a clear success story with strong momentum and I am confident that our future as a public company can only extend our reputation and position in this attractive sector.”
This was posted in Bdaily's Members' News section by Ellen Forster .