Newspaper article The Evening Standard (London, England)

Middle East Firm Steps into the Race for Jimmy Choo; Exclusive

Newspaper article The Evening Standard (London, England)

Middle East Firm Steps into the Race for Jimmy Choo; Exclusive

Article excerpt

Byline: Joanna Bourke

BAHRAIN-headquartered private equity firm Investcorp has joined a queue of suitors eyeing a takeover of Jimmy Choo, six years after it first made a bid for the luxury shoe and bag retailer.

Luxury fashion sources told the Standard that the Gulf investor which has a number of global offices, including in the capital, New York, Singapore and Abu Dhabi is "looking closely" at making an offer for London-listed Jimmy Choo which put itself up for sale in April.

One source said luxury "is in the DNA" of Investcorp, which has already invested in silversmith Georg Jensen and Italian menswear brand Corneliani.

In 2011, the company was among bidders vying to buy Jimmy Choo. Both firms declined to comment today. In 2014, Investcorp lost out to US private equity giant Blackstone to buy a stake in fashion house Versace.

If Investcorp does proceed with an offer in the middle of this month when the first-round of bids will be called, it is expected to face competition. …

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