Luxury Shoe Brand Jimmy Choo Will Be Listed Next Month

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Xiaobian of the network introduced to you the luxury shoe brand Jimmy Choo announced the listing plan in October.

The Jimmy Choo Ltd., which is listed on the London Stock Exchange, will announce its IPO (initial public offering) plan on Tuesday, which is confirmed to be listed in October. Its parent company, the German investment group Joh. A. Benckiser GmbH (hereinafter referred to as JAB), said it will sell at least 25% Jimmy Choo Choo's stake and seek a valuation of more than 700 million pounds.

Jimmy Choo Ltd. disclosed in the announcement that sales in 2013 reached 281 million 500 thousand pounds, an increase of 16% over the same period, an increase of 7.1% over the base, and a 1.7% rise to 46 million 900 thousand pounds after the adjusted core earnings EBITDA.

In the first half of 2014, the sales volume was 150 million 200 thousand pounds, which was slower than the base growth rate to 2.2%, and the growth rate was 9.4% at the constant exchange rate. The adjusted core profit EBITDA was 27 million 600 thousand pounds in the first half of the year.

According to Jimmy Choo Ltd. CEO Pierre Denis, the company's sales in China are currently growing at a high double-digit rate and will continue to expand in the future, while Japan's growth rate will exceed 20%.

He pointed out that although some groups that have long been in China are experiencing difficulties, they still have opportunities for professional brands.

Jimmy Choo Ltd. will not issue new shares in IPO. After the listing, the company will form a new board of directors, which includes Peter Harf, Bart Becht, Fabio Fusco, Olivier Goudet, cable, cable, cable, cable, and chief financial officer.

In 2011, Switzerland was part of JAB.

The group Labelux Group GmbH bought a majority of Jimmy Choo Ltd. from TowerBrook Capital Partners at 526 million pounds. Since then, the brand has achieved 30% business growth every year.

At the end of June this year, Labelux Group GmbH was revoked by JAB, while Jimmy Choo Ltd., which belongs to Labelux Group GmbH, and the integration of Belstaff, Ltd. and Labelux into the luxury sector established by New Zealand, was jointly managed by senior partner, chairman and chief executive officer, and the newly appointed chief financial officer of the partnership and the luxury goods department in order to strengthen direct management of luxury business and speed up the development of luxury business.

JAB is one of the wealthiest families in Germany. It is a private investment entity of Reinmen Lehmann family. In 2007, it established the luxury management group Labelux Group GmbH, or the controlling shareholder of cosy group, Coty Inc. (NYSE:COTY), which was listed last year.

Labelux Group GmbH bought the same name as London Jewelry Company Solange Azagury-Partridge and American Chinese designer Derek Lam in 2008.

Most of the shares were subsequently increased to Bally and Zagliani, and no acquisition was made after the purchase of Jimmy Choo Ltd. and Belstaff in 2011.

In 2012, Labelux Group GmbH released Solange Azagury-Partridge and Derek Lam, focusing on the development of luxury brands of leather goods and footwear.

Zhou Yangjie, Jimmy Choo Ltd.'s founder and Malaysia born shoemaker Jimmy Choo, left the brand in 2001, then set up a private shoe shoe customization business and taught shoe making technology.

And the other founder of the brand, Vidal Sassoon VS co-founder Tamara Mellon, started selling Jimmy Choo and started developing its personal namesake lifestyle brand, and raised $25 million from friends Tory Burch and others. The brand was launched at the end of 2013.

The Jimmy Choo Ltd., founded in 1996, has expanded from the original women's footwear business to men's footwear, accessories and perfume products. It is now expanding its expansion in Asia, and plans to launch Japanese and Chinese e-commerce websites by the end of this year.

Jimmy Choo Zhou Yangjie's niece Sandra Choi is the current creative director of the brand.

As early as April, Bank of America Merrill Lynch (NYSE:BAC), which has been appointed as a listed consultant, is the sole sponsor of Jimmy Choo Ltd. IPO, the sole global coordinator and the joint account manager.