Jimmy Choo cashes in as Chinese splash out on designer shoes

on January 23 2015 | in Daily Headlines Trending | by | with No Comments

Luxury shoemaker Jimmy Choo, whose shoes have proved a hit with such superstars as Jessica Alba, Diane Kruger and the Duchess of Cambridge, has cashed in on wealthy Chinese spenders’ demand for expensive footwear.

The designer label saw like-for like sales jump 5.7% last year, helping it to become one of the biggest success stories of last year’s deluge of stock-market flotations.

The company’s shares were up 4.1% on the news to 174.9p and have risen by 25% since they listed back in October.

Bosses said its Asia expansion was going to plan, helping net revenues to rise 12% to £299.1 million.

Read more at London Evening Standard.

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