| The Singaporean sovereign wealth fund has sold around one-third of its stake in Jimmy Choo via a placing by the upmarket shoemaker's joint corporate brokers Liberum Capital and RBC. The footwear brand, in a filing on August 31, said that GIC – which bought shares worth 4.6% of the company during its London listing in October 2014 and then increased that stake to 6.1% in September 2015 – had dropped its stake in the business on August 25 to 3.99%.
Liberum Capital placed most of the roughly nine million shares sold, according to a person familiar with the process. Jimmy Choo shares closed trading on August 25 at 124p each...............................................Full Article: Source
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