Jimmy Choo share price increases due to Sterling slide
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by Abi Moses on 24th November, 2016
Luxury shoe brand, Jimmy Choo, have today reported an increase in their share price, with recent store openings paired with improved trading said to be the catalysts.
The firm has said that its success following the Brexit vote was partly down to the strength of their trading relationship with the Chinese, as well as the instant weakening of the pound. Encouraging foreign buyers to flood to the UK looking for luxury items such as shoes, handbags and designer clothing.
Pierre Denis, Jimmy Choo's chief executive, said: "The company continues to grow and build on the strength of the brand and new store openings.
"We look forward to achieving another record year despite the challenging backdrop, and remain on track to deliver underlying profits in line with expectations."
Reporting a revenue growth of a whopping 9.2% in August news of an operating profit that was up 42% shocked us all. However, could the Brexit push see these figure spike even more?
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