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Luxury shoe label Jimmy Choo made its debut on the London stock market last week.
Having originally set a price range between 140p and 180p per share, Jimmy Choo then narrowed it down to 160p at the beginning of last week before opening on Friday. The label opened on the stock market with a float of 140p a share on Friday morning valuing the business at £545.6 million. Shares had risen to 144p by the time the London Stock Exchange closed on Friday evening. 
 

 

The Jimmy Choo label was set up in 1996 by Tamara Mellon and rose to fame after shoes were worn by characters on the American TV series “Sex in the City”. Known for its women’s shoes, the brand also sells men’s footwear, accessories such as handbags as well as perfume. The label is currently owned by the German company JAB Holdings, which also counts Bally and Belstaff in its portfolio of luxury brands.
 
In a statement Jimmy Choo’s CEO, Pierre Denis, said: “Today's announcement marks an important milestone for Jimmy Choo and recognises not only the appeal of our high quality products but also confidence in our ability to outperform the luxury shoe market.” Stocked in over 30 countries, the brand made £282million worth of sales last year and plans to grow the business by opening an additional 10 to 15 stores worldwide.
 

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