Jimmy Choo trims loss as sales step up

DESIGNER shoe brand Jimmy Choo narrowed its full-year losses last year despite store investment costs and the impact of a strong pound.

Jimmy Choo high-heeled shoes are the pinnacle of fashion and are popular with the rich and famous. Picture: Contributed

The seller of high-heeled shoes to the stars said its losses totalled £8.3 million, compared to £21.4m a year ago as same store sales lifted 5.7 per cent.

Total sales increased 8.7 per cent to £192.9m as it added nine new stores, as well as refurbished and relocated flagship stores in London and Beverly Hills.

However, the business said it faced “significant” currency headwinds due to the stronger pound, as well as other store investment and renovation costs. Its float on the London stock market last October cost it £7.8m in related fees.

Chief executive Pierre Denis said: “This has been a year of great financial, strategic and operational progress for the company. With our unique DNA and experienced team we have continued to deliver products that resonate with our clients.”

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