Luxury shoe brand Jimmy Choo’s chief executive, Robert Bensoussan, is to go on a £500m spending spree to create a mini-conglomerate in the luxury goods sector. Bensoussan is expected to this week announce a major initiative with Towerbrook, the private equity firm, to buy up luxury goods retailers to put in an umbrella company alongside Jimmy Choo, which Towerbrook is in the process of buying for £185m.
Bensoussan will target under-developed or badly performing fashion, cosmetics, accessories or furniture companies in the UK, mainland Europe and the US. The individual investments could be significantly bigger than the £185m that Towerbrook paid for Jimmy Choo, although small businesses will be looked at too. These will have to have a minimum annual turnover of £15m.”It is a large spectrum. I would like to find a jewel to be developed, like Jimmy Choo was five years ago,” said Bensoussan.
Click Here: cheap shoe stores