Pierre Denis, Chief Executive Officer, commented: “We are pleased with our performance in H1, considering materially lower industry growth in the low single digits. Jimmy Choo continued to deliver well in this environment and ahead of the market, with net revenue growth of 6.5% for the half. Our unique DNA and our collections have maintained their resonance with our clients. We have enjoyed particular success with the Cinderella shoe and capsule collections which have captured our clients’ imagination. Our expansion in Asia and our performance in Japan have continued to contribute strongly to revenue growth”.

Jimmy Choo announced retail growth of 10.3% at constant currency (9.6% at reported rates), mainly driven by a mix of like for like growth of 3.3% and new space growth, including new stores and the shift of the stores in Singapore and Malaysia into retail from wholesale. First half wholesale revenue declined by 3.9% at constant currency (decline of 5.1% at reported rates), reflecting the transfer of the franchise stores on Asia to retail and the structural change in the supply chain with the move to the central warehouse in Switzerland - which caused a one-time shift in wholesale delivery timing.

The Asian region (excluding Japan) remained the strongest growth region, with 2 store openings and 3 conversions complementing continued strong underlying growth. Growth of 34.5% was achieved despite Hong Kong revenue being broadly flat as tourist flows in the region were materially down year on year.

Japan grew by 20.5% with the strong performance of the store network benefitting from Chinese tourist traffic.

EMEA revenues were adversely impacted by the depreciation of the Euro against Sterling, however, underlying constant currency performance remains solid despite the decline in Russian tourist traffic seen since the early part of 2014 and the temporary closure of Sloane Street for renovation. EMEA benefitted from tourist inflows from China, which is now the group’s largest tourist group.

Growth of 5.1% in the Americas benefits from a strong US dollar, with weaker underlying performance impacted by reduced tourism and increased competition.

Adjusted consolidated net income for the year reached 11.1 million pounds compared to 10.8 million pounds in similar period last year.