Jimmy Choo Korea JV on track

Despite uncertainty over its ownership, Jimmy Choo has reported “excellent progress” and said it is trading strongly around the world.

Ahead of its annual shareholders meeting this week, the London-headquartered shoe retailer  said year-to-date sales were “in line with management’s expectations”.

The Jimmy Choo Korea JV is on track and scheduled to start rolling out stores in the second half of this year. And the brand has experienced “strong progress” in Asia and Japan.

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

All of the company’s categories have shown “strong growth” in the current financial year, with men’s the star performer, and its fragrance licence brand “performing particularly well.”

So far this year, Jimmy Choo has opened six stores and completed eight renovations.

Jimmy Choo is 67 per cent owned by JAB Luxury, which put its stake on the market in April, effectively triggering a full takeover opportunity for the business.

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