London — JAB has put luxury shoemakers Jimmy Choo and Bally International up for sale, as it focuses on the food and beverage operations that it has spent billions expanding in recent years. On Monday, JAB Luxury, part of the investment arm of the billionaire Reimann family, said it was reviewing strategic options for both companies at a time when a revival in luxury-goods demand had boosted valuations. The announcements signal the end of a nearly decade-long involvement in high-end shoemaking that started when JAB’s Labelux unit bought Bally in 2008. More recently, the closely held company has fixed its focus on food and beverages, buying the likes of Caribou, Krispy Kreme Doughnuts and Panera Bread. A recent revival in demand for luxury goods in Asia could boost interest. Jimmy Choo shares rose as much as 11% to a record 186.25p in London, valuing the company at about £705m. JAB said it has made a "strategic decision" to focus on consumer goods, including a 37% stake in cosmetics ...
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