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Jimmy Choo sets out ‘for sale’ sign

Luxury shoe brand and retailer Jimmy Choo has put itself up for sale, saying it is seeking potential offers for the business.

The firm said it had not yet received any bids for the business.

The move is being supported by Jimmy Choo’s main shareholder, JAB Holdings.

In a statement, the business said: “The board of Jimmy Choo announces today that it has decided to conduct a review of the various strategic options open to the Company to maximise value for its shareholders and it is seeking offers for the Company.

”Jimmy Choo has discussed the strategic review process with its majority shareholder, JAB Luxury GmbH (“JAB Luxury”), and JAB Luxury has confirmed that it is supportive of the process.”

The former Drapers Footwear Award winner previously said it was “well positioned” to make the most of a “stronger marketplace”. The business had a 15% jump in revenues to £364m for the full year to 31 December 2016, fuelled by strong growth in Asia, Europe and Japan.

In its 20th anniversary year the business said it expects to deliver underlying profits in line with expectations and in 2017 it is seeing “improving trends across all regions.”

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