Emily Collie used to spend A$2,500 ($2,320) a year buying accessories from overseas websites to take advantage of prices as much as 40 percent lower than in her hometown of Melbourne. This year, she’s spent about A$160.
Jimmy Choo owner Labelux, the company that holds brands including Bally, has had preliminary meetings with bankers about the possible sale of a stake in the luxury shoemaker via an initial public offering, a person familiar with the matter said.
Jimmy Choo Ltd., whose luxury shoes are worn by actress Jennifer Lopez , may seek a Hong Kong initial public offering that may value the company at 650 million pounds ($1.1 billion), the Financial Times reported.
TowerBrook Capital Partners LP asked Morgan Stanley and Goldman Sachs Group Inc. to explore options for luxury-shoes and accessories maker Jimmy Choo Ltd., including a sale of the company, said two people with knowledge of the talks.