Designer shoemaker Jimmy Choo to float

Investing and pensions

Updated on 23 September 2014 | 1 Comment

The shoemaker for the well heeled to sell a quarter stake to fund expansion plans.

Designer shoe company Jimmy Choo has announced it intends to list its shares on the London Stock Exchange.

The share offer will be used to fund expansion in new markets including Asia and Latin America. It’s expected that a quarter of the shares in the company will be floated.

The company had sales of £282 million in 2013 and has 120 shops around the world. It plans to continue to open 10 to 15 new shops a year.

Jimmy Choo is currently owned by investment firm JAB Luxury. Founder Jimmy Choo left the business that bears his name in 2001.

He formed the company in 1996 after working as a bespoke shoemaker for celebrity and royal clients.

The Jimmy Choo flotation is likely to be one of several high-profile share offers before the end of the year. Challenger bank Aldermore has confirmed it will be floating and the RAC is widely tipped to follow.

Several share offers were put on hold pending the result of the Scottish independence referendum.

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Image (c) Jimmy Choo

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