8b IPO on cards JimmyChooowner Labelux, the company that holds brands including Bally, jimmy choo white has had preliminary meetings with bankers about the possible sale of a stake in the luxury shoemaker via an initial public offering, a person familiar with the matter said.
The company hasn't made a final decision, said the person, who declined to be identified as the talks are confidential. Labelux would retain a majority stake in the business and use a sale to fund expansion in Asia, where sales are rising, the person said. The Sunday Times reported today that Labelux has held talks about an IPO of the business this jimmy choo london year. The business could be valued at about 1 billion pounds ($1.84 billion) in the mid range of the estimated IPO pricing, the person said. Labelux bought JimmyChooin 2011 for more than 500 million pounds, a person familiar with the matter said at the time. JimmyChoowas founded in 1996 by the shoemaker of the same name. JimmyChoowould follow luxury goods makers including Moncler SpA, Salvatore Ferragamo SpA jimmy choo ladies shoes sale and Brunello Cucinelli SpA in offering stock to the public as Asian demand fuels earnings growth and draws investors. Shares in Moncler advanced 47 per cent on the Italian skiwear maker's first day of trading in December.
Cucinelli, a maker of $3,195 cashmere cardigans, and Ferragamo, which sells $US675 patent leather platform heels, have more than doubled since they were listed in Milan in 2012 and 2011, respectively. The German billionaire Reimann family founded Labelux and the jimi shoes company is part of the family's investment arm Joh A. Benckiser.
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