Jimmy Choo Mulls $1B IPO

Luxury shoemaker Jimmy Choo is mulling a 650 million pound ($1.08 billion) initial public offering in Hong Kong, Reuters reported, citing a piece in the Financial Times. Jimmy Choo is owned by buyout shop TowerBrook Capital Partners. A group of bidders is already vying for the shoemaker, with private equity group TPG Capital, U.S. clothing maker Jones Group and a consortium of Bahrain-based Investcorp and Germany's Labelux reportedly bidding in the auction's second round due in mid-May, Reuters wrote.

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