Mayfair and St. James’s just aren’t big enough for all the companies that want a piece of London’s most expensive neighborhoods. Many are now settling for less prestigious city-center addresses, creating new hot spots in the office-property market.
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.
Jimmy Choo Ltd., the luxury shoe brand and retail chain, may be sold for as much as 500 million pounds ($797 million) by TowerBrook Capital Partners, the Sunday Telegraph reported, without saying where it got the information.