Stilettos for Sale: Jimmy Choo, Bally Companies Are on the Market

In the market for Jimmy Choo heels? You're in luck! The whole company is for sale.
IMAGE Jimmy Choo

Shareholders of the luxury shoe company Jimmy Choo put it up for sale on Monday, April 24. Its market value shot up by 10 percent immediately after the announcement.

Now valued at around $921 million, the company’s shares are at its highest ever. But it has yet to attract a buyer.

A Jimmy Choo boutique

Tamara Mellon founded the company in 1996 but has since left the company. She sold her shares to establish her own label. The majority of shares are now owned by the Reimann family, who control JAB Holdings. The shoe label’s representatives say that JAB is “supportive of the [sale] process.” The consumer goods company controls French perfume brand Coty and is set to purchase the Panera restaurant chain for $7.5 billion, including its debt.  

Apart from that, JAB Holdings is reportedly also reviewing its ownership of Bally International, the Swiss luxury footwear and accessories company. JAB appears to be veering away from fashion for good and focusing solely on consumer goods.

Interested investors would be pleased to know that last month, Jimmy Choo reported a rise in revenue from a year earlier, with an increase of 14.5 percent. This is great news for the company since sales in the United States dipped two percent last year but continue to grow in Asia, with a notably high demand in China.

h/t: Reuters

View More Articles About:
About The Author
Hannah Lazatin
Senior Staff Writer
Hannah is a communications graduate from Ateneo de Manila University. She’s originally from Pampanga and from a big, close-knit family who likes to find a reason to get together at the dinner table. Experiences inspire her. “Once, at a restaurant, I received an interpretation of my second name ‘Celina,’ and it meant 'someone who tries everything once' and that is me through and through,” she says. As for the job, she wants her “readers to be inspired by the stories of the people we feature and to move them to reach for greater things.”
View Other Articles From Hannah
Latest Stories
Here's what to buy, eat, and shop at this year's fair.
This faraway island has a lot to offer a curious and hungry traveler.
The Prince had the sweetest reactions to Meghan's speech at the Together cookbook launch.
He does everything from memorizing colorways to learning the exact measurements of shoeboxes.
Once upon a time when couture was standard, these fashion masters were the ones trusted by Manila's elite.
Seven notorious con men (and women) who were caught in the act.
An elite group of artists are growing in influence and reach. Here's the key to cracking their codes.
Let these broad strokes be your quick-test when governing the sometimes ungovernable.
“Your age is less chronological and more attitudinal," she says.
Load More Articles