1st Jun 2017 07:00
1 June 2017
Jimmy Choo PLC
Trading Update
Ahead of the Annual General Meeting to be held today at 1pm, Jimmy Choo PLC releases the following trading update.
The Company continues to make excellent progress, trading strongly in the year to date and in line with management's expectations. All categories have shown strong growth in the period, with Men's remaining the star performer. Our Fragrance licence is also performing particularly well.
Since the start of the year we have opened six stores and have completed eight renovations, in a busy period in our store development programme. We continue to see strong progress in Asia and Japan with good development in EMEA and the USA, where we have been very encouraged by the progressive development of our online business as we roll out Omnichannel services. Our planned joint ventures in the UAE and South Korea remain on track for the second half of the year.
Our long term growth strategy is to nurture the brand's unique DNA, to strive for excellence in business execution and to enhance client experience, in order to deliver superior growth and profitability, as well as leveraging the significant investments we have made in the business to date.
Peter Harf, Chairman of Jimmy Choo PLC, said:
"The prospects for the business are stronger than ever. As a result of the investment we have made, we see significant opportunities for growth ahead of the market and margin expansion. Pierre and his team have made remarkable progress in nurturing the brand DNA, in strengthening the business execution and enhancing the overall client experience. I would like to take this opportunity to thank them for another strong set of results and for their continued hard work and commitment."
The Company currently expects to announce H1 results on 31st August 2017.
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 150 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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