Jimmy Choo announces public offering on London Stock Exchange
Floating 25% of its equity
Along with the announcement that Jimmy Choo will float on the London Stock Exchange, it will also appoint four new independent non-executive directors – who will work with JAB Luxury to help steer the company through the transition and realise its strategy – which includes expansion in China.
"Jimmy Choo is an outstanding business operating in one of the fastest growing segments of the luxury market," said Pierre Denis, CEO at Jimmy Choo. "In recent years our talented teams have worked tirelessly to develop a focused business model with the requisite skills, innovation and investment to outperform in this category. The results speak for themselves through Jimmy Choo's strong continued top line growth, progressive margins and cash generation. Jimmy Choo is a clear success story with strong momentum and I am confident that our future as a public company can only extend our reputation and position in this attractive sector."