Sep 23, 2014 8:53 AM
Shoemaker Jimmy Choo to list shares in London
The Associated Press
LONDON (AP) Luxury shoemaker Jimmy Choo has announced plans to list at least a quarter of its shares on the London Stock Exchange next month.
The designer label, which recorded sales of 282 million pounds ($462 million) in 2013, said it is looking to expand in Asia and other new markets, and plans to open 10 to 15 stores per year.
Malaysian-born designer Jimmy Choo and the brand's co-founder Tamara Mellon opened their first store in London in 1996. It is now owned by private investment firm JAB Luxury, which acquired it in 2011, and the label now has 120 stores worldwide.
Peter Harf, non-executive chairman of Jimmy Choo, said in a statement Tuesday the company is "confident that shareholders can expect strong growth and cash flow in the years to come."