Hennes & Mauritz AB, Europe’s second-largest clothing retailer, is teaming up with Alexander Wang in its latest collaboration with a fashion designer, bringing on board the creative director of Balenciaga.
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.
Private-equity firms Triton Advisers Ltd. and Rhone Capital LLC are speaking with banks about a possible sale of German manufacturer Orion Engineered Carbons Holdings GmbH, said three people with knowledge of the matter.
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.