News
Jimmy Choo Offers Company For Sale
Jimmy Choo store at the Westfield Topanga mall in Canoga Park, Calif.
Jimmy Choo PLC, known for its expensive women’s shoes, went up for sale Monday after the company reviewed its options for maximizing shareholder value.
JAB Luxury is the company’s majority shareholder and supports the sale, which is likely to include all of Jimmy Choo’s 150 stores, Retail Dive reports. No offers have been made as of yet, but the Guardian reported the sale could attract buyers from the U.S., Russia, China and the Middle East.
Many luxury retailers are struggling in today’s environment, especially those that rely on U.S. sales from foreigners in the wake of President Donald Trump’s travel ban. Kate Spade is also considering a company sale after repeated pressure from activist investor Caerus Investors.
