Jimmy Choo's shares show clean pair of heels
Shares in the maker of £2,995-a-pair Cinderella heels surged more than 13 per cent to close at 109.2p. That compares with a flotation price of 140p and follows a share slump for the brand.
Jimmy Choo said: “Despite the headwinds facing the majority of the sector in 2016, our successful growth strategy continues to deliver.”
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Hide AdThe group said it was “on track to deliver margin improvement and good cash generation, which means we will see further de-leveraging in the second half of the year”.
Peter Harf, chairman of Jimmy Choo, said the brand continued to “resonate with our clients and opinion leaders alike”, and that there was potential in China “where the brand remains under-penetrated”.