Jimmy Choo reports growth in revenue
Luxury footwear brand Jimmy Choo has reported continued revenue growth in the second half of its financial year despite a difficult climate for the luxury sector.
Reporting on trading since 30 June, the brand said the growth was driven by new store openings and improving retail trading in all regions in the second half, with continuing strength in China.
Since 30 June, Jimmy Choo has opened four new directly operated stores, one in each region. Three stores were converted to its new store concept, including its flagship store in Milan. Like-for likes to date in the second half have moved back into positive territory despite this disruption.
The brand said it was continuing to benefit from a weaker pound and the resultant changes in client behaviour, particularly in the UK.
Pierre Denis, Jimmy Choo chief executive, said: “The company continues to grow and to build on the strength of the brand and new store openings. We look forward to achieving another record year despite the challenging backdrop, and remain on track to deliver underlying profits in line with expectations.”
