JIMMY CHOO PUTTING ITSELF UP FOR SALE

High-end footwear brand Jimmy Choo has announced a strategic review of the business which includes a possible sale. The company mentioned in a regulatory update last week stating that it is “seeking offers for the company” and says its major shareholder, JAB Luxury GmbH, is supportive of the process. Bank of America Merrill Lynch and Citi are overseeing the sale process. The company also warned that there is “no certainty that an offer will be made, nor as to the terms on which any offer will be made.”