15th Jun 2016 06:25
LONDON (Alliance News) - Jimmy Choo PLC said it has made a good start to 2016 and is trading in line with its expectations, in a statement ahead of its annual general meeting on Wednesday.
The luxury shoe and accessories retailer acknowledged "headwinds facing the majority of the sector in 2016" but said the company's "successful growth strategy continues to deliver".
Jimmy Choo added that it remains focused on controlled expansion and development of the retail portfolio while evolving the product mix with "exciting" new collections.
It said it is on track to deliver margin improvement and good cash generation in the year through a focus on improving its operating efficiency and cost management, meaning it will see further deleveraging in the second half of the year.
"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," Chairman Peter Harf said in a statement.
Jimmy Choo will announce its first-half results on August 25.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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