Luxury label Jimmy Choo has issued an information memoranda this morning to more that 10 bidders for a potential £500 million sale of the business.

TowerBrook Capital, the private equity group which bought the business for £180 million four years ago, is understood to still be exploring alternative strategic options for the luxury footwear firm. The alternatives include an initial public offering, IPO, or TowerBrook retaining a majority stake and refinancing the business.

A source close to the business said the deals was “weeks away” but that it is likely to attract interest from Asia and European family investment offices.