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Trading statements

Jimmy Choo prospects 'stronger than ever'

01 June 2017 07:30

Jimmy Choo continues to make excellent progress and is trading strongly and in line with management's expectations, shareholders at today's annual general meeting will be told.

A statement issued ahead of the meeting said that all categories had shown strong growth in the period, with Men's remaining the star performer.

The group said its Fragrance licence was also performing particularly well.

The statement continued: "Since the start of the year we have opened six stores and have completed eight renovations, in a busy period in our store development programme.

"We continue to see strong progress in Asia and Japan with good development in EMEA and the USA, where we have been very encouraged by the progressive development of our online business as we roll out Omnichannel services.

"Our planned joint ventures in the UAE and South Korea remain on track for the second half of the year.

"Our long term growth strategy is to nurture the brand's unique DNA, to strive for excellence in business execution and to enhance client experience, in order to deliver superior growth and profitability, as well as leveraging the significant investments we have made in the business to date."

Chairman Peter Harf said: "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 and his team have made remarkable progress in nurturing the brand DNA, in strengthening the business execution and enhancing the overall client experience.

"I would like to take this opportunity to thank them for another strong set of results and for their continued hard work and commitment."

Story provided by StockMarketWire.com

Related Company: CHOO

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