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High Point (NC), U.S.
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High Point, North Carolina, U.S.
Luxury British footwear and accessories brand, Jimmy Choo, has reported an excellent performance in the first half of 2016, with a 9.2% worldwide revenue growth and impressive results in China.
Despite difficult operating conditions in the luxury market, Jimmy Choo has recorded a revenue growth of 9.2% at reported currency, and 3.8% at constant currency, for the six months ending June 30, 2016. Reported operating profit was up 42.6% in the period to £25.3 million (US$33.39 million).
The brand, which has not provided a breakdown or detailed information by geographical region, said it recorded “an impressive growth in China, and managed its repositioning in a difficult U.S market."
The success has been much attributed to the brand’s continued digital leadership, global acclaim for new and innovative product ranges as well as for the design team, led by Creative Director Sandra Choi.
According to Jimmy Choo, growth in Men’s continues and now represents 8% of total revenue.
Celebrating its 20th anniversary this year, the brand says it has registered a strong start to the second half of 2016, in addition to a positive benefit from a weaker pound sterling
“These results represent an excellent performance in the period, with growth and margin expansion leading to improved earnings, further enhancing the brand’s track record of delivery in all market conditions”, said Pierre Denis, CEO, Jimmy Choo.