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LVMH potential buyer for Jimmy Choo

French luxury goods group LVMH is among the bidders for luxury footwear and accessories business Jimmy Choo, according to reports.

The luxury goods group behind brands Louis Vuitton and Marc Jacobs is understood to be among a number of investors reported to be bidding for the footwear brand which has 110 stores worldwide.

Co-founder and designer Jimmy Choo is understood to have also registered his interest and has hired city broker Daniel Stewart to advise on a potential bid.

Towerbrook Capital is selling Jimmy Choo after it acquired the business in 2007 for £190m. Last year it hired Goldman Sachs and Morgan Stanley to review the business.

LVMH has been active on the aquisition trail in recent months.

Last week it snapped up accessories giant Bulgari and agreed to buy the Bulgari family’s 50.4% stake in a share swap.

LVMH has also sparked rumours that it could swoop in on luxury goods group Hermes after it was announced it had built up a stake of more than 20%.

The move prompted the family members, who own more than 70% of the business, to set up a holding company with more than 50% of the capital to discourage LVMH from seeking full control of the business.

However family shareholder Nicolas Puech has said last week that he is open to a partnership with LVMH as long as Hermes retains its freedom.

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