Jimmy Choo walking tall into Michael Kors takeover after over doubling half-year profits


The satisfaction shoemaker, whose celebrity fans include supermodel Cindy Crawford shrugged off a “daring” trading environment as its stores makeover and new accessories and footwear products prove profitable off. 

Pre-tax profit soared 174.2 per cent to £18.1 million on 16.5 per cent foremost revenue of £201.6 million, with same-store retail sales up 3.5 per cent. 

Its men’s assemblages saw the fastest growth and now make up a total of 9 per cent of revenue, latest count ons have shown.

Chief executive Pierre Denis said in a expression released yesterday: “We continue to diversify our revenue streams. 

“We are delighted with our conduct during the period, having delivered growth in revenue and margins, regardless of challenging market conditions. 

“Strong underlying cash conversion has also permitted us to deleverage, providing us with a stable platform to deliver further definite growth. 

“Our long-term growth strategy is to nurture the brand’s unique DNA, to work at for excellence in business execution and to enhance client experience.”

Leave a Reply

Your email address will not be published. Required fields are marked *