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15 Jun 2016 07:00
15 June 2016
Jimmy Choo PLC
Trading Update
Ahead of the Annual General Meeting to be held today at 1pm, Jimmy Choo PLC, the British luxury brand specialising in shoes and accessories, releases the following trading update.
The company has made a good start to the year and trading is in line with our expectations. Despite the headwinds facing the majority of the sector in 2016, our successful growth strategy continues to deliver. Jimmy Choo remains focused on controlled expansion and development of the retail portfolio whilst evolving the product mix with exciting new collections. Through a focus on improving our operating efficiency and the management of costs we are on track to deliver margin improvement and good cash generation, which means we will see further deleveraging in the second half of the year.
Designs and collections by our creative director, Sandra Choi, resonate with our clients and opinion leaders alike and are a key factor in the growing global appeal of the brand.
Peter Harf, Chairman of Jimmy Choo PLC, said:
"Jimmy Choo made excellent progress in 2015. I would like to congratulate Pierre and his talented team on their achievements in challenging market conditions. The Company's growth remains on track, including in Asia. Brand awareness continues to grow strongly and particularly in China where the brand remains under-penetrated."
The Company expects to announce H1 results on 25th August 2016.
Enquiries
Jimmy Choo PLC | +44 (0) 207 368 5000 |
Pierre Denis, Chief Executive Officer | |
Jonathan Sinclair, Chief Financial Officer and Executive Vice President | |
Victoria Huxster, Head of Investor Relations | |
Montfort Communications | +44 (0) 203 514 0897 |
Hugh Morrison | +44 (0) 7739 655 492 |
Sophie Arnold | +44 (0) 7881 580 756 |
Notes to Editors
Jimmy Choo encompasses a complete luxury accessories brand. Women's shoes remain the core of the product offer, alongside handbags, small leather goods, scarves, sunglasses, eyewear, belts, fragrance and men's shoes. CEO Pierre Denis and Creative Director Sandra Choi together share a vision to create one of the world's most treasured luxury brands. Jimmy Choo has a global store network encompassing more than 140 stores and is present in the most prestigious department and specialty stores worldwide. Jimmy Choo PLC is publicly listed on the London Stock Exchange with the ticker CHOO.
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