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STOCK MARKET LISTING FOR BELSTAFF?

Speculation as to the future of the Belstaff biker-fashion apparel brand is inevitable after parent Labelux initiated moves towards a London Stock Exchange listing for its sibling company Jimmy Choo, a luxury ladies footwear purveyor.

Vienna-based Labelux Group bought both Belstaff and Jimmy Choo in 2011, respectively for £98m and £525m. A prospective initial public share offer of a minority stake in Jimmy Choo is now reportedly in the offing. This would potentially value Jimmy Choo at more than £1bn. Proceeds from the share sale would be reinvested in its global expansion. Labelux also owns the Bally high-end women’s shoe brand and Zaglioni, a fashion accessories brand.

Labelux in turn belongs to Joh A Benckiser, a Swiss-based holding entity for the reclusive Reimann clan’s investments. Joh A Benckiser also retains a substantial shareholding in British-domiciled consumer products giant Reckitt Benckiser, a merger of the original Reimann family pharmaceuticals firm and Reckitt & Colman. 

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