Jimmy Choo, the entrepreneur who founded the eponymous footwear and accessories business, has the backing of the Malaysian government in his £500m bid to buy the business back.
Choo is expected to make a bid for the Jimmy Choo business, which he founded with Tamara Mellon in 1996, when the first round deadline for bids closes tomorrow. Earlier this month it was reported that Malaysian-born Choo had hired city broker Daniel Stewart to advise on a potential bid.
It is expected that other bids could come from French luxury goods group LVMH and private equity firm TPG Capital which said last week that it was considering a bid. TPG Capital recently bought American casualwear retailer J Crew.