Jimmy Choo reports positive performance

Jimmy Choo was cheerful Thursday as it said its business “continues to make excellent progress, trading strongly” in the year-to-date and “in line with management’s expectations.” The statement came ahead of its annual general meeting.

Jimmy Choo said all categories have shown “strong growth” in the current financial year, with Men’s remaining the star performer. The company was a relative latecomer to men’s footwear but it has outperformed ever since its launch. And it also said that in Fragrance, its licence is “performing particularly well.”

Despite the uncertainty surrounding the brand’s future ownership, the company has continued to plough on with its upgrade and expansion programme and since the start of the year has opened six stores, as well as completing eight renovations.

This has helped it continue to see “strong progress” in Asia and Japan with “good development” in EMEA and the US, where it said it has been “very encouraged” by the progressive development of its online business as it rolls out omnichannel services. Its planned joint ventures in the UAE and South Korea remain on track for the second half of the year.

Chairman Peter Harf rammed home the  upbeat message, saying: ”The prospects for the business are stronger than ever. As a result of the investment we have made, we see significant opportunities for growth ahead of the market and margin expansion. Pierre [Denis, the CEO] and his team have made remarkable progress in nurturing the brand DNA, in strengthening the business execution and enhancing the overall client experience.”

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