The ball is over and this time the shoe fits the feet of the Capri Holdings. In fact, Jimmy Choo will remain US-in American hands. The label was apparently not part of the ambitions of the Prada Group, which recently took over Versace.
In fact, there are people who bet that Jimmy Choo is still part of the takeover plans for some companies. In February, Bloomberg reported a few days ago, the entrepreneur Renzo Rosso, founder of Diesel and President of the OTB Group (which includes the brands Diesel, Jil Sander, Maison Margiela, Marni and Viktor & Rolf), had given a formal offer to buy the brands Versace and Jimmy Choo from New York Capri Holdings. The offer “was never considered and we do not know why, although it was in line with the final agreement,” Rosso told Bloomberg.
As Footwearnews reported in February, the brand could be in sight from co -founder Tamara Mellon.
Sales of $ 159 million in the third quarter of 2025
Meanwhile, after the negotiations with the Prada Group, Capri Holdings announced that it wanted to invest in the luxury shoe brand, although their sales have recently declined.
Jimmy Choo reported sales of $ 159 million (around 140 million euros) in the third business quarter 2025, 4.2 percent less than in the previous year. Sales in America decreased by 10 percent, while the EMEA region increased by 9 percent or in Asia by 17 percent. Jimmy Choo’s loss of business was $ 6 million and the operating margin was 3.8 percent compared to an operating profit of $ 4 million and a margin of $ 2.4 in the previous year.
John Idol: “We are still convinced of Jimmy Choo’s long -term growth potential”
John D. Idol, CEO and CEO of Capri Holdings, said last week, the transaction with the Prada Group for the sale of Versace Spiegele “our commitment to increase the shareholder value, to strengthen our balance sheet and to promote the future growth of Michael Kors and Jimmy Choo. convinced of the long -term growth potential of Michael Kors and Jimmy Choo. “
Michael Kors Holdings bought Jimmy Choo 2017 for $ 1.35 billion
It is estimated that Jimmy Choo will complete the year 2025 with $ 600 million, the year 2026 with $ 550 million, in 2027 with $ 575 million and in 2028 again reaching $ 600 million. 800 million US dollars are forecast for the following years.
Capri Holdings expects total sales of $ 4.4 billion for 2025. The forecast is divided into $ 3 billion from Michael Kors, $ 810 million from Versace and $ 600 million from Jimmy Choo.
The Michael Kors Holdings, later Capri Holdings, bought Jimmy Choo in 2017 for $ 1.35 billion (around 1.19 billion euros).
History of the brand began in the 1990s
The company Jimmy Choo, founded by the fashion designer Jimmy Choo Yang Keat, born in Malaysia and founded in London East End, was founded in 1996. Choo’s niece Sandra Choi led the design in the studio in the East End and later became creative director, a function that she still has. Choo left the company in 2001.
First Jimmy Choo Boutique opened in Motcomb Street in London in 1996
The development of retail was an integral part of the corporate strategy. The first Jimmy Choo business was opened in the Motcomb Street in London in 1996 and added sales in some of the most renowned multimark shops in the world. Two years later, the company expanded to the USA and opened two shops in New York and Beverly Hills. The international expansion continued with boutiques in the Sloane Street and Bond Street in London, the Avenue Montaigne in Paris, the Madison Avenue in New York, the Rodeo Drive in Beverly Hills and Ginza in Tokyo.
Mellon bought the entire brand in 2001 before selling Jimmy Choo in 2011 to the Labelux Group.
After the takeover in 2017, Capri Holdings also acquired several Italian shoe factories and announced the opening of new sourcing offices in Scandicci, Florence. The factory in Via Don Perosi has been in operation since January 2025. The building has an area of around three thousand square meters and employs 150 people: inside.
Jimmy Choo signs ten -year license contract with essilorluxottica
The label also signed a ten -year license agreement with essilorluxottica for design, production and global sales of glasses from the Jimmy Choo brand. The agreement came into force on January 1, 2024 and is valid by another five years by December 31, 2028 with the option of an automatic extension.
Today Jimmy Choo has a global branch network with over 200 shops and is represented in leading department stores and specialty shops around the world.
Creative director Sandra Choi
Choi was born on the Isle of Wight in Great Britain and trained in Hong Kong, China. As a teenager, she moved to London to complete her school education. During this time, Choi began working with her uncle Jimmy Choo, who at that time worked as a haute couture shoe maker in the London East End and supplied the jet set from all over the world, including Princess Diana.
Choi visited the Central St Martins School, where she graduated into fashion design and continued to work as Choos protégé. At its side, Choi perfected the art of making skin couture shoes from design and pattern creating to line, composition and completion. Choi was fascinated by this activity and decided to cancel her studies in order to devote himself entirely to the design and management of the studio. Choi has been at the creative top of the brand since 2013.
This article originally appeared on fashionunited.it and was translated using digital tool. He was then carefully edited.