First there was a report that Renzo Rosso's OTB Group had tabled a bid for Belstaff, then came a denial. But whether the bid happened or not, it has shone a powerful spotlight on the UK heritage brand.
The news flow around Jimmy Choo’s sale may have been pretty slow since it was first put on the block a few months ago but at least we now know some of the interested bidders. Step forward Michael Kors.
Dune London has announced that CEO John Egan is to stand down from his role at the end of August to become a non-executive director at the business. He will be succeeded by James Cox, who is currently COO.
Up-for-sale luxury footwear brand Jimmy Choo was cheerful Thursday saying it “continues to make excellent progress, trading strongly” this year. But while management trumpeted its prospects, there was no news on a sale.
In a surprise move Monday Jimmy Choo said that it is up for sale, but then it emerged that its controlling shareholder wants to sell its stakes in Bally and Belstaff too in one of the biggest luxury sales in years.