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Interparfums and Michael Kors Among Potential Buyers of Jimmy Choo

Fragrance company Interparfums is rumored to be among the companies looking to purchase Jimmy Choo, according to a Sky News report.

The same report said Interparfums could offer a join bid with Hony Capital, a Chinese private equity company, for the luxury footwear brand.

Michael Kors and private equity firm CVC Capital Partners are said to be among the companies in the running to acquire Jimmy Choo, which its parent company, JAB, put up for sale in April of this year.

While Interparfums’ plans to buy Jimmy Choo remain speculative, Reuters UK reported that the company has a Non Disclosure Agreement (NDA) with the luxury footwear brand. Interparfums already owns the license to manufacture Jimmy Choo’s fragrances.

Due to the NDA between Interparfums and Jimmy Choo, Interparfums cannot comment on the matter.

Meanwhile, Jimmy Choo shares increased 1.3%, while Interparfums’ shares closed at 3.3% on Monday.