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Jimmy Choo nears IPO

Luxury shoe brand Jimmy Choo could launch an initial public offering (IPO) in London as early as this month.

The British brand is said to be considering an IPO in order to sell a stake in the business of around 25%, according to Bloomberg. The sale could value the business at about £620m.

HSBC and Bank of America are said to have been lined up to handle the float. An IPO for the brand was first mooted earlier this spring.

Jimmy Choo is owned by JAB Holdings and was co-founded by designer Tamara Mellon in 1996 after she came across Malaysian-born shoe designer Jimmy Choo working in Hackney.

It now has more than 180 stores across 32 countries.

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