Luxury shoe and bag retailer Jimmy Choo is reportedly being pursued by a number of potential bidders after the company's owner, JAB put the business up for sale in April.
Fashion powerhouse Michael Kors is preparing an offer, while a number of PE investors—including CVC Capital Partners—are also considering a deal that could value the brand at as much as £800 million, per media reports.
Meanwhile, Interparfums, which holds the licence to manufacture Jimmy Choo's fragrances, said earlier this week that it was not able to discuss reports linking it and Chinese PE firm Hony Capital to a deal due to a non-disclosure agreement it has with the business.
Jimmy Choo posted revenues of £364 million in 2016, up 14.5% on the previous year, with adjusted EBITDA rising 15.6% to £59 million over the same period. JAB, a Luxembourg-based holding company which also backs Bally and Belstaff, owns more than 67% of the business.