LONDON, UK – On Monday, the luxury shoe brand Jimmy Choo, in which JAB Holdings Corp. owns a 67.6 percent stake, announced that it was putting itself up for sale and looking for buyers.
JAB said it considered its holdings in the luxury sector as noncore, given its significant investments in coffee and related areas in recent years. JAB acquired the brand in 2011 for 540 million pounds, or $800 million at the time, and took it public in 2014.
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