Photographer: Jason Alden/Bloomberg
As women’s infatuation with sexy, fun, and flirty shoes increases, investment opportunities in fashion continue to sprout. The infamous Jimmy Choo announced a late October 2014 IPO (Initial purchase offer) (investopedia.com) . This iconic brand has made a worldwide name for itself specializing in high-end women’s and men’s handbags, accessories, and let’s not forget SHOES. Bloomberg reminds us of the impact that character Carrie Bradshaw in “Sex and the City” had on the success of the brand. Ms. Bradshaw was serious about her Jimmy Choo shoes and made that quite apparent throughout the six year HBO series. Because so many women, like Carrie, are obsessed with shoes and willing to pay top dollar this might be the perfect investment for individuals in to fashion and looking to profit from that interest.
The IPO will be issued in London Markets, and available for purchase on European Stock exchanges. With the recent success of IPOs in London and the company’s ability to grow revenue at a double digit pace in China (not the easiest market for luxury brands to prevail in), this is certainly a purchase worth considering. Aside from the late October date there is not much information available at this time. Make sure to check out Bloomberg.com for the latest; My personal fav for keeping up with financial news!
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