Daily Management Review

A Strategic Step To ‘Maximize’ The Value Of Shareholder


04/25/2017


Jimmy Choo with the consent of its shareholders and ‘Britain's Takeover Panel’ is set to conduct talks on “formal sale process”.



In an attempt to “maximize” the value of shareholders, as a part of its “strategic options”, Jimmy Choo, a luxury retailer, has put up “offers for the company”, so it informed on Monday, the 24th of April 2017.
 
Moreover, the firm also confirmed that the “strategic review process” was shared and discussed with the “majority” of its shareholder, while JAB Luxury, on the other hand, also confirmation on its support towards Jimmy Choo’s process.
 
In fact, the firm stated that “Britain's Takeover Panel” has given its consent, whereby it can conduct talks with third parties under a “formal sale process” context. As a result of which Jimmy Choo will be able to hold discussions with interested parties for coming with a proposal that could be executed on a “confidential basis”.
 
While, Reuters reported:
“Jimmy Choo said it is currently not in receipt of any approaches.”
 
 
References:
http://www.reuters.com







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