Jimmy Choo, the luxury shoe company, announced that it is up for sale. JAB Holding, a German consumer goods company, acquired the brand in 2008 for $800 million and took it public in 2014, retaining a 67.6% stake. JAB has recently been investing in American coffee brands and is about to buy Panera, the sandwich chain. These investments hinge on the broader trend of consumers choosing to spend money on experiences rather than luxury goods.
Read more in the New York Times. ES
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system.
The major tech ecosystems that battle for our attention and dollars.
What’s next for hardware, software, and services.
The brave new world of automation, from AI to drones.
How our urban centers are building toward the future.
Most Creative People
See members of our Most Creative People in Business community: leaders who are shaping the future of business in creative ways.
An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens.