Jimmy Choo reports maiden results

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Luxury shoemaker Jimmy Choo reported a ​seven​ per​ ​cent rise in annual earnings ​as it announced its ​​first full-year results since floating on the London Stock Exchange in October.

The group said underlying earnings rose to ​£​50.2​m in 2014​ and announced plans to expand in China.

Underlying sales rose 5.7 per​ ​cent at its retail arm in 2014, in what chief executive Pierre Denis said had been a year of progress for the company.

He added that there was more to come.

“We remain focussed on executing our growth strategy and pursuing growth without compromising our brand or its luxury position despite the more challenging macroeconomic environment,” he said.

​Growth will come from opening 10 to 15 new directly-owned shops this year, with a focus on China, as the company continues to perform well in Asia.

In the EMEA region, Jimmy Choo said it was being impacted by fewer Russian travellers.