Weak pound continues to boost Jimmy Choo
05/09/2017
The brand achieved revenue of £201.6 million during the six months to June 30, 16.5% higher than in the same period of 2016.
This growth was boosted by the weakness of the British pound; on a constant currency basis, sales were only 4.5% higher. Jimmy Choo has said this is still “ahead of the market despite a challenging operating environment”.
The brand’s profit before tax jumped 174% to £18.1 million.
In July, US leathergoods group Michael Kors agreed to purchase Jimmy Choo for £896 million ($1.2 billion). The deal is expected to be completed during the fourth quarter of 2017.
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