Advertisement
UK markets close in 31 minutes
  • FTSE 100

    8,441.62
    +60.27 (+0.72%)
     
  • FTSE 250

    20,647.23
    +115.93 (+0.56%)
     
  • AIM

    790.35
    +6.65 (+0.85%)
     
  • GBP/EUR

    1.1619
    +0.0008 (+0.07%)
     
  • GBP/USD

    1.2508
    -0.0016 (-0.13%)
     
  • Bitcoin GBP

    48,691.14
    -425.57 (-0.87%)
     
  • CMC Crypto 200

    1,280.28
    -77.72 (-5.72%)
     
  • S&P 500

    5,217.60
    +3.52 (+0.07%)
     
  • DOW

    39,479.05
    +91.29 (+0.23%)
     
  • CRUDE OIL

    79.37
    +0.11 (+0.14%)
     
  • GOLD FUTURES

    2,368.20
    +27.90 (+1.19%)
     
  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     
  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     
  • DAX

    18,778.53
    +91.93 (+0.49%)
     
  • CAC 40

    8,233.15
    +45.50 (+0.56%)
     

Interparfums says has 'Non Disclosure Agreement' with Jimmy Choo

* "NDA" prevents Interparfums (LSE: 0IUJ.L - news) from commenting on bid report

* Jimmy Choo (LSE: CHOO.L - news) shares buoyed by bid speculation

PARIS, July 18 (Reuters) - France's Interparfums (EUREX: I8PG.EX - news) said on Tuesday that it had a 'Non Disclosure Agreement' with luxury shoe retailer Jimmy Choo and was therefore not able to discuss media reports that it was among potential bidders for the company.

"We do not comment because we are bound by a Non Disclosure Agreement (NDA)," said an Interparfums spokesman, responding to a report in the Women's Wear Daily publication.

Interparfums already holds the licence to manufacture Jimmy Choo's fragrances.

ADVERTISEMENT

Jimmy Choo, which has a market capitalisation of some 740 million pounds ($964 million), is famous for its stiletto shoes and other fashion accessories. It was put up for sale earlier this year, with majority investor JAB aiming to maximise the brand's value.

Sky News reported earlier this month that Interparfums could make a joint bid with Chinese private equity company Hony Capital (Other OTC: CGHC - news) for Jimmy Choo. It also cited private equity firm CVC (Taiwan OTC: 4744.TWO - news) Capital Partners and U.S. luxury fashion retailer Michael Kors (Swiss: KORS.SW - news) as other possible buyers of Jimmy Choo.

Jimmy Choo shares were up 3 percent in late session trading, while Interparfums' shares were down 0.6 percent.

($1 = 0.7679 pounds) (Reporting by Pascale Denis; Writing by Dominique Vidalon; Editing by Sudip Kar-Gupta)