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CHOO Jimmy Choo

230.00
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jimmy Choo LSE:CHOO London Ordinary Share GB00BQPW6Y82 ORD 100P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 230.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
229.70 229.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 230.00 GBX

Jimmy Choo (CHOO) Latest News

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Jimmy Choo (CHOO) Discussions and Chat

Jimmy Choo Forums and Chat

Date Time Title Posts
24/10/201713:51Jimmy Choo will it walk the walk?781
24/1/201216:05Warren buffet,likes train sets,,seems he does !2

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Posted at 24/10/2017 13:51 by jrphoenixw2
A recap of the updated timetable:


Extract:
Event - Expected time/date
Court Hearing - 27 October 2017
Last day of dealings in, and for registration of transfers of, and disablement in CREST of, Jimmy Choo Shares - 30 October 2017
Scheme Record Time - 6.00 p.m. on 30 October 2017
Suspension of listing of and dealings in Jimmy Choo Shares - 7.30 a.m. on 31 October 2017
Effective Date of the Scheme - 1 November 2017
Cancellation of listing of Jimmy Choo Shares By - 8.00 a.m. on 2 November 2017
Latest date for dispatch of cheques/settlement through CREST/dispatch of electronic payment - 15 November 2017
Latest date by which Scheme must be implemented - 31 January 2018(1)

Is anyone else still holding? If so and they've considered reinvesting the proceeds in the same or a similar sector I'd be interested to hear any alts. that have caught their eye. I had a run through a couple of months ago of alts. in the sector but nothing stood out as compelling to me.
Posted at 29/9/2017 07:20 by killman2
Jimmy Choo looks to be a very un-interesting investment. Try another form of more pleasurable investment with daily returns and associated highs and lows...get your fix now.

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Posted at 19/8/2017 11:45 by jrphoenixw2
I was wondering what happens next re: the take-over of CHOO. From wading through their huge co-operation agreement [some relevant extracts below the ------------ line] it seems that:

- CHOO is due to write to us with info on the take-over by 25th July +28 days = 22 August?
- The above will include info on an AGM at which shareholders will vote on the deal.
- They expect the scheme to be effective during Q4-2017
- And to cut a 100+ page story short the 'long-stop date' to finalise the deal [or extend the time] is 31-Jan-2018. Presumably what they currently foresee as the latest possible end-date.
- Meanwhile they're also seeking the necessary regulatory clearances.

But I'm not a lawyer, and that's a big and complex document. If anyone else has a better idea of the timetable I'd love to hear it. Meanwhile it looks like the next step is some form of 'take-over document' issued next week.

-------------------------------------------------
Kors/CHOO cooperation Agreement dd 25-7-17
Page 34
'It is expected that the Scheme Document, containing further information about the Acquisition and notices of the Court Meeting and General Meeting, together with the Forms of Proxy, will be posted to Jimmy Choo Shareholders and (for information only) in separate letters to participants in the Jimmy Choo Share Scheme within 28 days of the date of this Announcement and that the Scheme will be effective during the fourth calendar quarter of 2017...'

Page 55
'It is intended that the Acquisition will be implemented by means of a Court-sanctioned scheme of arrangement between Jimmy Choo and the Scheme Shareholders under Part 26 of the Companies Act. The Scheme is an arrangement between Jimmy Choo and the Scheme Shareholders. The procedure involves, among other things, an application by Jimmy Choo to the Court to sanction the Scheme'
'The Scheme is subject to the Conditions and certain further terms set out in Appendix 1 to this Announcement and to the full terms and conditions to be set out in the Scheme Document, and will only become effective if, among other things, the following events occur on or before the Longstop Date or such later date as Michael Kors Bidco and Jimmy Choo agree:
· a resolution to approve the Scheme is passed by a majority in number of the Scheme Shareholders present and voting (and entitled to vote) at the Court Meeting[...]
· the Special Resolution necessary to implement the Scheme is passed at the General Meeting[...]
- following the Court Meeting and General Meeting, the Scheme is sanctioned
by the Court [...]

Page 56
- The Scheme shall lapse if the Scheme does not become effective by the Longstop Date, provided however that the deadline for the Scheme to become effective may be extended by agreement [...]
- The Scheme Document will include full details of the Scheme, together with notices of the Court Meeting and the General Meeting. The Scheme Document will also contain the expected timetable for the Acquisition, and will specify the necessary actions to be taken by Jimmy Choo Shareholders. The Scheme Document together with Forms of Proxy will be posted to Jimmy Choo Shareholders and, for information only, to persons with information rights and to holders of options and awards granted under the Jimmy Choo Share Scheme, as soon as practicable. Subject, among other things, to the satisfaction or waiver of the Conditions, it is expected that the Scheme will become effective in the fourth calendar quarter of 2017.

Page 78 onwards
Court Meeting - 'the meeting(s) of the Scheme Shareholders to be convened by order of the Court pursuant to section 896 of the Companies Act, notice of which will be set out in the Scheme Document, for the purpose of approving the
Scheme, including any adjournment thereof'

Some definitions: -
-----------------------------
General Meeting - 'the general meeting of Jimmy Choo to be convened in connection with the Scheme, notice of which will be set out in the Scheme Document, including any adjournment thereof'

Long-stop date - '31 January 2018'

Scheme document - 'the document to be sent to (among others) Jimmy Choo shareholders containing and setting out, among other things, the full terms and conditions of the Scheme and containing the notices convening the Court Meeting and General Meeting'
Posted at 25/7/2017 08:25 by jrphoenixw2
CHOO bought out by Michael Kors at 230p. Stock +17% @ 228p at time of writing...
Posted at 08/5/2017 14:23 by matt123d
Coach buying Kate Spade. Maybe less likely to be buying CHOO as well.
Posted at 02/5/2017 12:17 by jrphoenixw2
I bought some of these as a birthday gift for my wife. She loooves the brand, but knows almost zero about investing/stocks etc. Since the latter is my job, I thought it might encourage her to in small part 'share my experience'.
I also liked the idea of a gift that keeps on giving. When the divs begin, it's of course up to her but she'll perhaps be able to buy a pair of the shoes each year :)
I paid an average price of 141p, sometime 12-18mos ago now. Now I'm wishing I had have bought some for myself, it's up c37% to date.

I'm watching this Kering plan play out, and it's interesting to see rumours of Coach perhaps on the horizon.... we shall see!
Posted at 25/4/2017 14:28 by robbiereliable
I'm not jumping ship, always fall into the trap of taking my profits, currently 10% if I sell. Just going to sit back, put my feet up and have a cup of tea and a few digestives. BDEV, CHOO, ETO, JLG brewing nicely for me
Posted at 22/3/2017 10:45 by hazl
Robbie I really like CHOO and was reluctant to sell but I have anticipated a big general stock market sell-off for some time.
It's really about that for me.
I might return.

From the individual firm's point of view,I think they seem to be doing quite nicely and the Times magazine seems to have a bevy of glossy adverts for them now.
Incidentally I wish they had splashed out on them earlier .
I would also comment that they could supply us with more regular videos I think all of that makes a difference.
Posted at 03/3/2017 14:32 by hazl
Pierre Denis, CEO of Jimmy Choo PLC, said:

"2016 was a landmark year for Jimmy Choo. Not only did we successfully celebrate 20 years of heritage but record revenues and profitability are testament to the growing appeal and strength of our brand. We will continue to deliver on our long term strategy of growth through the creative and innovative development of our collections and the sustained expansion of our distribution network, particularly in areas such as Asia where we remain underpenetrated. I would like to thank all my colleagues for their hard work this year in delivering this excellent performance."
'
The Company will next update the market on trading at the time of its AGM on 1 June 2017.
Highlights

-- Revenue up 14.5% with improving retail momentum in the second half

-- Adjusted EBITDA grew by 15.7% to GBP59.0m, driven by strong sales growth, margin improvement and lower growth in overheads

-- Improved Adjusted EBITDA margin, up 20 bps to 16.2%
-- Operating profit up 42.6% to GBP42.5m
-- EBITDA cash conversion(7) increased from 96.5% to 104.2%

-- Continued strong growth in Asia, solid growth in Europe and Japan and improving trends in USA retail offset by the planned reduction in USA wholesale

-- Rich heritage celebrated in a successful 20th anniversary year - growing global appeal of the brand marked by continued industry award wins

-- Key new styles launched in seasonal fashion and core ranges and success with luxury trainers

-- Men's remains our fastest growing category, now accounting for 9% of revenue '

FROM YESTERDAY'S rns
Posted at 24/6/2015 20:45 by philanderer
more details of that letter...

Tamara Mellon Lawyer’s Letter To Jimmy Choo Causes A Stir


Tamara Mellon, who split with Jimmy Choo in February 2012, is alleging that the luxury giant she co-founded is preventing key suppliers from working with her namesake company.

According to a letter obtained by FN, Mellon’s London-based attorney, Olswang LLP, writes

“It has been brought to our attention that Jimmy Choo has engaged in a course of conduct aimed at impairing [Tamara Mellon and Tamara Mellon Brand LLC’s] business by restricting their ability to source production capacity from key suppliers to manufacture luxury leather products, including shoes, bags and accessories.”

The letter goes on to say that after Mellon launched her namesake business in 2013, Jimmy Choo held a meeting with key luxury leather suppliers. During the meeting, the letter says, Jimmy Choo representative Stefano Savoldi told the group that “Mellon had established her own brand and this was causing ‘panic’ at Jimmy Choo headquarters.”

According to the letter, Savoldi said there was concern that Mellon would benefit from the same network of manufacturers and suppliers as Jimmy Choo. “Mr. Savoldi made it clear that Jimmy Choo did not want its suppliers working with our clients,” states the document, which also alleges that “Jimmy Choo has approached key suppliers directly and put pressure on them not to do business with our clients” through “side letters” stipulating that factories will not work with Mellon during their contracts with Jimmy Choo.

The letter was first obtained by Sky News, which revealed details of it on Tuesday in London.

The document states that the effect of Jimmy Choo’s pressure on suppliers has been “extremely serious” for Mellon. The company is unable to secure production from the suppliers, and a number of Mellon’s pre-existing relationships have been terminated by those suppliers, according to the letter.

Olswang asserts that Choo’s actions are unlawful under European Union laws and that any agreement between Jimmy Choo and its suppliers that stipulates that they not work with Mellon is unlawful.

“Our clients’ priority is to minimize the damage caused to their business by Jimmy Choo’s unlawful business. We therefore request … you provide written assurances to each of the suppliers concerned that they are free to contract with our clients.”

Jimmy Choo responded, “We have received a letter, which is being evaluated. Our initial assessment is that the complaint has no merit and will be vigorously contested. We plan to make no further comment until the process is completed.”

Mellon wrote about her bitter split with Jimmy Choo in her 2013 book, “In My Shoes,” and she’s been open about her dramatic tenure at the brand she co-founded with Jimmy Choo in 1996.
Jimmy Choo share price data is direct from the London Stock Exchange

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