Jimmy Choo Considering Selling Label

The Fashion Foot

Jimmy Choo owners Labelux may be looking to sell a share of the brand, which is currently valued more than $1 billion.  A source close to the label has said that they are considering an IPO as early as this year, and have already held “preliminary meetings” with bankers to discuss it.

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Industry sources however state that Labelux has no intention of giving up control of the company.  The company has been expanding over the last three years, and its a very normal process to figure about the next steps to accelerate growth.

Labelux also controls Bally and Belstaff, and they are said to have paid around $825 million for Jimmy Choo in 2011.

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Tamara Mellon, who founded Choo with the shoemaker of the same name in 1996, had sold the label and has since launched an eponymous lifestyle brand.

Aside from Jimmy Choo, brands including Versace, Marni, and Balmain…

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