Jimmy Choo Poised for $1 Billion IPO?

Reports suggest Jimmy Choo may be planning its initial public offering in London this month.

The luxury brand owned by JAB Holdings has hired Bank of America Corp. to manage the sale and will also retain HSBC Holdings as interest grows in the high-end shoe market. The label is looking to go public at $1 billion, according to Bloomberg.

JAB, which also manages Labelux properties including Zagliani and Bally, is said to be considering selling a 25 percent stake in Jimmy Choo.

The brand originally found fame as one of the favorite footwear labels of character Carrie Bradshaw on “Sex and the City.” It was co-founded by Tamara Mellon, who stepped down in 2011 to start her own line; she later wrote a tell-all, “In My Shoes,” about her contentious time at the company.

Jimmy Choo did not respond to requests for comment.

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