Luxury shoe maker Jimmy Choo has said it is seeking potential offers for a sale of the business.
The firm said it had not received any bids yet and was also considering other options for the business.
The move received backing from Jimmy Choo's main shareholder JAB Holdings, which is also an investor in Krispy Kreme donuts and luxury firm Coty.
As well as shoes, Jimmy Choo produces a range of luxury goods, but has seen sales slow in recent years.
Its footwear is often seen on the red carpet worn by celebrities such as Jennifer Lopez and Bella Hadid.
The company said in a statement: "The Board of Jimmy Choo announces today that it has decided to conduct a review of the various strategic options open to the Company to maximise value for its shareholders and it is seeking offers for the Company.
"Jimmy Choo has discussed the strategic review process with its majority shareholder, JAB Luxury GmbH, and JAB Luxury has confirmed that it is supportive of the process."
Jimmy Choo's sales growth was 2% in 2016 compared to 7% in 2015 and 12% in 2014, analysts at HSBC noted last month.
The company listed on the UK stock market in 2014. Its shares have gained more than 20% this year, giving it a market value of £670m

Published Date:2017-04-24