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Jimmy Choo kick starts sale process

Luxury label Jimmy Choo has issued an information memorandum this morning to more that 10 potential buyers for the business, which is expected to raise up to £500 million.

TowerBrook Capital, the private equity group which bought the business for £180 million four years ago, is understood to still be exploring alternative strategic options for the luxury footwear firm as well.

The alternatives include an initial public offering, IPO, or TowerBrook retaining a majority stake and refinancing the business.

A source close to the business said the deal was “weeks away”, rather than due this week as reported, and that it is likely to attract interest from Asia and European family investment offices.

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