Jimmy Choo May Be Sold by TowerBrook for $797 Million, Telegraph Reports
Jimmy Choo Ltd., the luxury shoe brand and retail chain, may be sold for as much as 500 million pounds ($797 million) by TowerBrook Capital Partners, the Sunday Telegraph reported, without saying where it got the information.
TowerBrook in 2007 bought a majority stake in Jimmy Choo in a transaction that valued the company at 185 million pounds, the newspaper said. The retailer’s owners, who are considering their options, may decide instead to sell shares in the business in the next few years for 1 billion pounds, the daily said.
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