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Trading statements

Record revenues for Jimmy Choo

26 January 2017 07:49

Jimmy Choo, the luxury brand specialising in shoes and accessories, saw another year of record revenue for the 12 months ended 31 December.

The group said there was strong growth in Asia, continued solid growth in Europe and Japan and improving trends in US retail offset by the planned reduction in US wholesale.

Highlights

- Revenue of £364m, up 15% (2% at constant currency)

* Retail revenue grew 17% to £244m (4% at constant currency) and a stronger final quarter resulted in like-for-like in the second half improving to 2% and an overall LKL for the year of -1%

* Wholesale revenue grew 8% to £107m (-4% at constant currency) with the planned reduced purchasing by USA department stores offset by growth across all other regions

- Directly Operated Stores (DOS) count increased by 9 in the year

- 16 further DOS renovated in the New Store Concept

- Over 45% of the store portfolio now in the New Store Concept

Chief executive Pierre Denis said: "In our 20th anniversary year, we have continued to grow and to build on the strength of the brand.

"We look forward to 2017 as we continue to deliver on our strategy of growth through the development of our collections, fashion leadership and the controlled expansion of our distribution network."

Story provided by StockMarketWire.com

Related Company: CHOO

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