Luxury shoe brand Jimmy Choo has confirmed it is to float on the London stock exchange. It is thought the listing could value the company at around €889m.
The money would be used to expand into Asia and other new markets. The company is to be re-registered as 'Jimmy Choo PLC'.
Since opening its first store in London in 1996, the group has grown to become a leading luxury shoe specialist with a global retail presence and sales of stg£282m (€358m) in 2013.
JAB Luxury acquired the business in 2011 and has invested heavily to replatform the business, which is now scaled to begin the next phase of growth and expansion.
In preparation for the flotation, Jimmy Choo has announced the appointment of four independent non-executive directors.
Commenting on today's announcement, the CEO of Jimmy Choo - Pierre Denis - said "In recent years our talented teams have worked tirelessly to develop a focused business model with the requisite skills, innovation and investment to outperform in this category."
"The results speak for themselves through Jimmy Choo's strong continued top line growth, progressive margins and cash generation. Jimmy Choo is a clear success story with strong momentum and I am confident that our future as a public company can only extend our reputation and position in this attractive sector," he added.
Over the last two years, Jimmy Choo has grown net revenue by stg£70.9m (€90.1m). The shoes are sold in Ireland through Brown Thomas.
