Jimmy Choo Will Be Listed On November, Valued At More Than 900 Million Pounds.

　　 Jimmy Choo It will be listed in November, and Labelux Group GmbH will sell 25% of the shares so that the Jimmy Choo value will exceed 900 million pounds, and the proceeds are likely to be used to subsidize the current losses in Belstaff and Bally.

According to the website announcement of Switzerland luxury group Labelux Group GmbH, its parent company German investment group Joh. A. Benckiser GmbH (hereinafter referred to as JAB) will revoke Labelux Group GmbH from July, and integrate the four luxury brands, namely, "Xun", "Qi", "Qi" and "Qi", which are originally owned by the company, to the new luxury sector.

Labelux Group GmbH CEO Reinhard Mieck will find a new job. The group's 2700 employees will retain and transfer to JAB architecture. Reinhard Mieck, a former interim chief executive officer of Bally and Belstaff, has done a great job in establishing the management team of its brand. In 2012, he appointed Pierre Denis as chief executive of Jimmy Choo, and recently sought Belstaff and Bally for chief executive officer Gavin and Pierre.

After integration into JAB, Jimmy Choo Four luxury brands will be jointly managed by JAB senior partner, chairman and chief executive officer Peter Harf and Fabio Fusco, the newly appointed JAB partner and chief financial officer of JAB Luxury luxury department, to strengthen the direct management of JAB to luxury business and speed up the development of luxury business. According to JAB's internal notice, JAB said that Labelux Group GmbH had completed its restructuring goal and "no longer exists".

JAB is one of the wealthiest families in Germany. It is a private investment entity of Reinmen Lehmann family. In 2007, it established the luxury management group Labelux Group GmbH, or the controlling shareholder of cosy group, Coty Inc. (NYSE:COTY), which was listed last year. In 2008, Labelux Group GmbH purchased the majority of the personal brands of Solange Azagury-Partridge, a London Jewelry Company and the Chinese American designer Derek Lam, then gradually increased Bally and Zagliani to the brand portfolio, and bought no more than Jimmy Choo and Jimmy since 2011. In 2012, Labelux Group GmbH released Solange Azagury-Partridge and Derek Lam, focusing on the development of luxury brands of leather goods and footwear.

In April this year, citing industry news, Labelux Group GmbH has hired Bank of America Merrill Lynch (NYSE:BAC) as a marketing consultant for Jimmy Choo, which hits the London Stock Exchange this autumn. Sources pointed out that if market conditions permit, Jimmy Choo will be listed in November, Labelux Group GmbH will sell 25% of the shares, so that Jimmy Choo valuation of more than 900 million pounds, the proceeds are likely to be used to subsidize the current loss Belstaff and Bally.