Jimmy Choo reports positive financials for 2014
British luxury shoemaker Jimmy Choo reported a 7.2 percent rise in annual earnings and said it would continue to grow by expanding its store portfolio in China with 10 to 15 new directly operated stores this year. Reporting its first full-year results since floating on the London Stock Exchange in October, Jimmy Choo said adjusted core earnings of 50.2 million pounds in 2014 compared to the 46.9 million pounds it made in 2013.
Underlying sales rose 5.7 percent at its retail arm in 2014, in what chief executive Pierre Denis said had been a year of progress for the company. “We remain focussed on executing our growth strategy and pursuing growth without compromising our brand or its luxury position despite the more challenging macroeconomic environment,” he said. In the EMEA region, Jimmy Choo said it was being impacted by fewer Russian travellers.