THE RETAIL BULLETIN - The home of retail news
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Health & Beauty
General Merchandise
Sports & Leisure
The Papers
Retail Solutions
Food & Drink
Jimmy Choo to float on London Stock Exchange
Jimmy Choo store

Luxury footwear brand Jimmy Choo has announced plans to float on the London Stock Exchange.


Jimmy Choo to float on London Stock Exchange

Luxury footwear brand Jimmy Choo has announced plans to float on the London Stock Exchange.

The brand’s owner JAB Holdings is to target a minimum free float of at least 25% of the company's issued share capital.

With the IPO expected to take place next month, the proceeds will be used to help fund Jimmy Choo’s growth strategy including the roll-out of a new store concept and expansion into Asia and new markets.

Co-founded in 1996 by Tamara Mellon and Jimmy Choo, the company now has 120 stores worldwide and in 2013 achieved sales of £282 million. While Mellon and Choo have now both left the business, Choo’s niece Sandra Choi is the firm’s creative director.

The company said it had made a good start to 2014 with first half revenues rising 9.4% year-on-year to £150.2 million and like-for-like sales growing by 2.2%.

Pierre Denis, chief executive Officer of Jimmy Choo, said: "Jimmy Choo is an outstanding business operating in one of the fastest growing segments of the luxury market.

“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."

Jimmy Choo is planning to open 10 to 15 stores per year and shift to a regional mix more in line with the wider luxury market through growth in Asia and selected new markets, while maintaining its presence in EMEA and the US.


Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News


Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Conference
The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
The 11th HR Summit 2019, Hallam Conference Centre, 44 Hallam St, Marylebone, London W1W 6JJ
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy