Jimmy Choo Parent Company Trades in Shoes for Coffee

Jimmy Choo’s parent company JAB Holding is putting the high-end shoe brand up for sale.  JAB Holding acquired the brand in 2011 for $800 million, representing 68% of the company, and took it public in 2014.

The New York Times reported that JAB Holding is also reviewing Swiss leather goods brand Bally as a possible candidate to shop around as well.

The impetus of the possible sale of Jimmy Choo comes as JAB Holdings has been building a coffee-and-food empire in the U.S. by acquiring American coffee brands like Peet’s Coffee & Tea, Caribou Coffee and Keurig Green Mountain. This month, it agreed to purchase Panera Bread for $7.5 billion.

JAB Holding, based in Luxembourg, Germany, wants to focus its investments in beauty companies like Coty, in which it has a 37% stake, along with its high-end coffee and food businesses.

Partner Content

3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Build the Foundation for Great Customer Experiences - NetSuite
Understand how consistent, timely, relevant and personalized experiences are enabled by having the right technology foundation in place.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.