CHOO SAID FOR SALE
PARIS — Could London-based shoemaker-to-the-stars Jimmy Choo be the next luxury acquisition target?
Sources said this week that Choo is seeking a partner to help expand its business and build its retail network. Reached in New York, Tamara Mellon, the company’s London-based chief executive and one of its owners, had no comment.
Known for its sexy and expensive high-heeled shoes — and a rabid celebrity following — the footwear firm is said to be profitable. Its profile has skyrocketed in the last few years. There are currently Jimmy Choo boutiques in New York, London, Las Vegas and Beverly Hills. The brand is also wholesaled to about 150 doors.
Choo also recently signed a deal with U.K. luxury etail website Net-a-porter.com.
Footwear, like accessories, is currently a hot categories, both for its high profile and its frequently-healthy margins. In the last year, Gucci picked up Italian firm Sergio Rossi, Fin.part added Andrea Pfister to a stable that includes Frette, Maska and Cerruti, and British designer Patrick Cox has talked with LVMH Moet Hennessy Louis Vuitton.