All Jimmy Choo articles
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ArticleJimmy Choo’s Q3 sales and profitability decline
In the third fiscal quarter ended on Dec. 30, Jimmy Choo posted revenues of $166 million, down by 1.2 percent compared with the prior year on a reported basis and by 3.0 percent at constant currency rates. The brand’s retail sales were approximately flat, while wholesale revenue decreased by a ...
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ArticleJimmy Choo’s sales fall on weaker consumer demand
In the second quarter ended Sept. 30, Jimmy Choo posted revenues of $132 million, down by 7.0 percent year-over-year on a reported basis and by 9.2 percent at constant currency rates due primarily to a softening in consumer demand, mainly in the Americas. Revenues in the Americas declined by 11.6 ...
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Jimmy Choo creates a capsule collection with Jean Paul Gaultier
Jimmy Choo, the luxury shoe maker owned by Capri Holdings, has collaborated with the French fashion house Jean Paul Gaultier on an exclusive capsule footwear collection. The collaboration fuses two creative identities founded on a shared vision of powerful, confident, and glamourous femininity co-designed by the houses’ creative directors Sandra ...
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ArticleJimmy Choo’s Q1 sales rise as expected
In the first fiscal quarter ended on July 1, Jimmy Choo posted revenues of $183 million, up by 6.4 percent compared to the prior year on a reported basis and by 7.0 percent at constant currency rates. The brand’s operating income was $16 million and operating margin 8.7 percent, compared ...
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ArticleTapestry to buy Capri in a deal worth $8.5bn
Tapestry, the U.S. owner of the brands Coach, Kate Spade and Stuart Weitzman, has entered into a definitive agreement to buy Capri Holdings, which owns the brands Versace, Jimmy Choo and Michael Kors. Under the terms of the transaction Capri shareholders will receive $57.00 per share in cash. The total ...
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Jimmy Choo enters eyewear license with EssilorLuxottica
Jimmy Choo, the British shoe maker owned by the luxury goods group Capri Holdings, has signed with EssilorLuxottica an exclusive license agreement for the design, manufacture and worldwide distribution of Jimmy Choo Eyewear. The agreement will be effective from Jan. 1, 2024 until Dec. 31, 2028, with an automatic renewal ...
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Safilo, Jimmy Choo end eyewear agreement
Safilo, the Italian eyewear manufacturer, said that its license agreement to design, produce and distribute eyewear under the Jimmy Choo brand will expire on Dec. 31, 2023 and will not be renewed. Safilo and the footwear company, which is owned by the the luxury goods group Capri Holdings, will continue ...
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ArticleJimmy Choo posts record sales and is set to continue growing
In the full year end April 1, Jimmy Choo posted record revenues of $633 million, up by a reported 3.3 percent year-over-year and by 11.4 percent at constant currency rates, while its operating margin widened to 6.0 percent from 2.1 percent. The footwear brand is expected to increase sales in ...
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ArticleJimmy Choo’s quarterly sales hit by Covid resurgence in China
In the fiscal third quarter ended Dec. 31, Jimmy Choo posted revenues of $168 million, down by 5.6 percent year-over-year on a reported basis but up by 3.4 percent at constant currency rates. The brand’s performance was affected by the surge in Covid-19 cases in China as the country reopened. ...
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ArticleJimmy Choo’s sales slow down sharply in Q2
In the fiscal second quarter ended Oct. 1, Jimmy Choo posted revenues of $142 million, up by 3.6 percent year-over-year on a reported basis and by 15.3 percent at constant currency rates. In the first quarter of the fiscal year, sales had risen by a reported 21.1 percent and by ...
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ArticleJimmy Choo continues to grow strongly
In the first quarter ended July 2, Jimmy Choo posted revenues of $172 million, up by 21.1 percent year-over-year on a reported basis and by 30.3 percent at constant currency rates. Excluding mainland China, which has been impacted by tough Covid-19 restrictions, revenues grew a reported 32 percent and 43 ...
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ArticleJimmy Choo posts record sales
In the fourth quarter ended ended April 2, Jimmy Choo posted revenues of $156 million, up by 25.8 percent year-over-year on a reported basis and by 29.1 percent at constant currency rates. For the full year, sales reached a record $613 million, up from $418 million a year earlier, as ...
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ArticleCapri expects to post record full-year earnings
In the fiscal third quarter, Capri Holdings’ revenues and earnings exceeded the company’s own expectations. This prompted the luxury goods conglomerate, that owns Versace, Jimmy Choo and Michael Kors, to raise its full-year adjusted diluted earnings per share guidance to $6.00, the highest level in its history, while targeting double-digit ...
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ArticleJimmy Choo improves its full-year guidance
In the second quarter ended Sept. 25, Jimmy Choo posted revenues of $137 million, up by 12 percent from the prior year. The top line grew by 5 percent on a constant currency basis. The brand posted an operating income of $1 million, and the operating margin improved slightly to ...
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ArticleFormer Coach head to become Capri’s CEO
On Aug. 24, Capri Holdings, the luxury goods group that owns the brands Jimmy Choo, Versace and Michael Kors, appointed Joshua Schulman as CEO of Michael Kors. In September 2022, he is due to succeed John Idol as CEO of Capri, when Idol will become executive chairman. Idol is currently ...
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ArticleJimmy Choo sees annual sales at $550m
In the first quarter ended June 26, Jimmy Choo posted revenues of $142 million, up by 178 percent from the prior year when results were badly hit by the outbreak of the Covid-19 pandemic. The top line grew by 147 percent on a constant currency basis. The brand posted ...
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News briefs
Capri raises FY guidance
Capri Holdings , the luxury goods conglomerate that owns Versace , Jimmy Choo and Michael Kors , has raised its fiscal 2022 revenues and adjusted earnings per share guidance. The company now expects full-year revenues to be about $5.15 billion compared to a previous guidance of $5.10 billion, ...
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ArticleJimmy Choo reduces its operating loss
In the fourth quarter ended March 27, Jimmy Choo posted revenues of $124 million, up by 15.9 percent compared to the prior year on a reported basis and by 10.3 percent on a constant currency basis. The operating loss was cut to $18 million from $23 million a year ...
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ArticleJimmy Choo’s Q3 sales decline by 26.7%
Jimmy Choo posted a 26.7 percent year-on-year decline in sales to $121 million in the third quarter ended on Dec. 26 as the luxury shoe brand continues to feel the impact of the Covid-19 pandemic. On a constant currency basis, revenues decreased by 27.3 percent. The shoe maker ...
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ArticleJimmy Choo sees opportunity to hike prices, expand casual footwear range
Jimmy Choo has reached breakeven in the second quarter and sees the opportunity to significantly increase its prices and to expand its casual footwear assortment.
