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Jimmy Choo floats IPO idea

Luxury footwear and accessories label Jimmy Choo is considering a £650m public offering on the Hong Kong stock exchange.

Jimmy Choo, which has been courted by a string of private equity investors over recent months, and its private equity backers TowerBrook Capital are taking the idea of an IPO seriously, according to reports.

HSBC is believed to have recently proposed the IPO route which could also put pressure on remaining bidders to lift their bids. Suitors circling the brand include TPG Capital, Jones Group, which owns footwear brands Brian Atwood, Stuart Weitzman and Nine West, and a consortium of Investcorp and Labelux, the private luxury goods group that owns Bally.

Second-round bids are due by mid-May and are understood to be above £500m.

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