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Jones Group Reportedly Among the Three Potential Buyers for Jimmy Choo

>> Namesake designer Jimmy Choo and LVMH are no longer in the running to buy the Choo label — which is said to be valued at between £400 million and £500 million (or up to $813.4 million) — but Jones Group (which owns Nine West and last year bought Stuart Weitzman) reportedly is. Although a Jones Group spokeswoman declined comment on the matter, the company is said to be one among three potential buyers, the other two of which are German luxury company Labelux, which owns Bally, and US buyout firm TPG. The next bids are expected in mid-May. [WSJ, Reuters]

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