TO MARKET, TO MARKET: Now that the Scots have voted to remain part of the United Kingdom — a decision that sent the pound soaring against the euro on Friday — businesses are eager to get on with growth, and no one more so than Jimmy Choo. Industry sources said it’s likely the footwear and accessories firm will in the coming days announce a decision to list about 25 percent of its shares on the London Stock Exchange, in a deal that values Choo at upward of 700 million pounds, or $1.14 billion.
Part of the growth story the brand will be pitching to investors includes plans to roll out 10 to 15 stores a year, with an eye to at least tripling the brand’s portfolio of 100 directly-operated stores. Jimmy Choo has been notching high-double-digit growth over the past three years since Joh. A. Benckiser Holdings, which also owns Bally and Belstaff, acquired it in a deal valuing Jimmy Choo at 549 million pounds, or $889.4 million, in 2011. Previously, Choo was managed under Benckiser’s Labelux division, which was eliminated earlier this year.