Jimmy Choo to Make $800 Million Bid for Jimmy Choo
Looks like the rumors are true. Jimmy Choo, the man who was ousted from the high-end shoe line he founded with Tamara Mellon about 10 years ago, is reportedly making a bid for the company this week.
According to the Daily Mail, the government of Malaysia—specifically one of the country’s sovereign wealth funds—is backing Choo’s £500 million (about $800,684,000 U.S.) bid for the company. The first-round deadline for bids is Tuesday.
Two weeks ago, Women’s Wear Daily reported that Choo was interested in diving back into the brand that bears his name, although sources speculated the company might not accept the bid, as Choo, the man, and Choo, the company, didn’t part on friendly terms.
Other companies who’ve reportedly shown interest in buying Jimmy Choo include LVMH, Valentino, and TPG Capital.
Read the full story at the Daily Mail.
