Not Mer­chan­dise, Jimmy Choo it­self is Up for Sale

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Busi­nesses al­ways need to ex­per­i­ment and try out new strate­gies for growth, suc­cess, and ex­pan­sion. If not, it be­comes stag­nant which hin­ders the chances of progress. Jimmy Choo, the lux­ury shoe re­tailer is try­ing to take a big plunge by risk­ing its cur­rently sta­ble busi­ness. If not, it be­comes stag­nant which hin­ders the chances of progress. The com­pany also stated that the fi­nal de­ci­sion will be made af­ter re­view­ing its var­i­ous op­tions.

Jimmy Choo be­lieves that it can open up new ways to en­able max­i­miz­ing value of its share­hold­ers with the help of adopt­ing such strate­gic op­tions. Well, this de­ci­sion is not just a ran­dom burst of thought. The com­pany took this de­ci­sion af­ter a com­pre­hen­sive dis­cus­sion about var­i­ous pros and cons with its ma­jor­ity share­holder, JAB Lux­ury. Ap­par­ently, the share­holder has also con­firmed its sup­port for this de­ci­sion.

More­over, the Takeover Panel of Bri­tain has agreed to wel­come any kind of dis­cus­sions with third par­ties re­gard­ing the sale of the com­pany. This move will en­cour­age the in­ter­ested in­vestors for strik­ing a deal with Jimmy Choo for a for­mal sale process, that too in a con­fi­den­tial man­ner. Ad­di­tion­ally, Bank of Amer­ica Mer­rill Lynch and Citi Bank have taken the re­spon­si­bil­ity of look­ing af­ter the sale process.

Un­doubt­edly, Jimmy Choo is a po­ten­tial as well as an ap­peal­ing takeover, given its global ac­cla­ma­tion. The most re­cent mar­ket val­u­a­tion of Jimmy Choo is at $840 mil­lion, as­sur­ing in­ter­ested in­vestors about ben­e­fi­cial re­turns.

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