Bahrain investment firm in bidding war to acquire Jimmy Choo

Bahrain-based investment firm Investcorp is in a bidding war with two other firms to acquire the upmarket shoe retailer Jimmy Choo.

Investcorp is jointly bidding with German luxury firm Labelux Group. U.S. buyout firm TPG and U.S. apparel retailer Jones Group, whose brands include Nine West and Jones New York are other bidders. Reports suggest Jimmy Choo is worth between $650 million and $850 million.

Investcorp is listed in the Middle East Investors Directory with the code OR30.

More details follows from the MarketWatch