Not Merchandise, Jimmy Choo itself is Up for Sale
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.