Global private equity firm Advent International is understood to be one of three finalists in the race for control of US footwear firm Stuart Weitzman.

In addition to Advent, Brown Shoe Company and Coach are said to be in the running, according to Spanish publication Modaes.

A spokesperson for Advent, however, declined to comment when contacted by just-style.

A sale of the company could fetch close to US$1bn, people familiar with the matter told Reuters last week.