JAB Holdings Inc., a long-term investment company, currently holds 68 percent of Jimmy Choo. While it is “supportive of the process,” it also said there is “no certainty that an offer will be made, nor as to the terms on which any offer will be made.”
JAB Holdings, which also holds ownership in Krispy Kreme and Caribou Coffee, purchased Panera Bread earlier this month.
Jimmy Choo was co-founded in 1996 by former “Vogue” editor Tamara Mellon and Choo, who once worked for Princess Diana.
The brand received global attention after its shoes appeared in films “Sex and the City” and “The Devil Wears Prada.”
A single pair of Jimmy Choo shoes can sell for more than $1,000.
SYDNEY, AUSTRALIA - APRIL 30: View of the "Atlas " shoe worn by Carrie Bradshaw (Sarah Jessica Parker) in the "Sex in the City Film" at the launch of the new Jimmy Choo boutique at Castlereagh Street on April 30, 2008 in Sydney, Australia. (Photo by Gaye Gerard/Getty Images for Jimmy Choo)
Traditional retailers have faced recent tough times. Many iconic brands, from Bebe to Ralph Lauren, are closing stores and taking other drastic measures to stay afloat. Department stores, including Macy’s, Sears, and J.C. Penney, are shuttering mall locations nationwide. Billionaire investor Warren Buffett blamed the trend in part on the rise in popularity of e-commerce companies, such as Amazon.