Jimmy Choo revenues rise

Jimmy Choo, the luxury brand specialising in shoes and accessories,continues to see revenue growth despite the difficult climate for the luxury industry.

It says this has been driven both by new store openings and by improving retail trading in all regions in the second half, with continuing strength in China.

Jimmy Choo says the brand continues to demonstrate its attraction for new and existing clients alike, with a particularly strong profile for its 20th anniversary celebrations. A trading statement says: "Since 30 June 2016, we have opened four new DOS, one in each region. Three stores were converted to the New Store Concept, including our flagship store in Milan (which was closed for two months). Our like for like to date in the second half has moved back into positive territory despite this disruption.

"Through our focus on improving operating efficiency and cost management we expect to deliver margin improvement and strong underlying cash generation for the full year as a whole, with steps towards further deleveraging. The positive benefit from a weaker GBP continues, as do the resultant changes in client behaviour, notably in respect of the UK." Chief executive Pierre Denis said: "The company continues to grow and to build on the strength of the brand and new store openings. We look forward to achieving another record year despite the challenging backdrop, and remain on track to deliver underlying profits in line with expectations."