Jimmy Choo reports maiden results

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.

By The Newsroom

Published 19th Mar 2015, 08:04 BST

The group said underlying earnings rose to £50.2m 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.

China