Jimmy Choo's a shoe-in in China
NEW store openings in China to meet demand from more affluent shoppers for expensive footwear helped Jimmy Choo step up annual revenue.
The luxury shoemaker’s men’s business scored a “notable success” in Japan despite the devaluation of the yen as Asia remained its strongest growth region, helping to lift revenue by 12 per cent to £299.1million.
Like-for-like sales grew by 5.7 per cent.
It opened 10 new stores last year to take its total to 125 and expects expansion to continue at a similar pace.
Chief executive Pierre Denis said: “We are delighted. Our dedication to quality has ensured our innovative products resonate strongly with clients around the world.”
Shares rose 10p to 178p.