Jimmy Choo Owner Labelux Said to Hold Early Talks for Unit’s IPO

Jimmy Choo owner Labelux, the company that holds brands including Bally, 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 year.