One of the most beloved names in luxury fashion is up for sale: shoemaker extraordinaire Jimmy Choo has put itself on the market. But for all the Carrie Bradshaws out there, don’t fret! The design house of our dreams is expected to be snapped up by buyers from the U.S., the Middle East or China.
Leaving behind a legacy, the board of JC announced earlier this week that it has decided to review other strategic options open to the brand going forward. Offers have yet to be made but a press release confirms that the company’s majority shareholder JAB is fully supportive of the move.
Red-carpet worthy shoes remain the focal point of the brand but Jimmy Choo has also introduced handbags, scarves as well as menswear. The footwear maven quickly became a favourite to royalty and celebrities alike; fashionistas from the Duchess of Cambridge to Beyoncé to Emma Stone all adore the brand as much as we do.
Jimmy Choo might not be the only retailer going through a shift; it’s rumoured that other high-end brands might follow suit and go up for sale. Kate Spade, for instance, is said to be on the market, with leather goods-maker Coach the most likely bidder. —Johnnie Smart
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