Jimmy Choo interim profits treble ahead of takeover

Luxury shoemaker Jimmy Choo, which is being bought by US retailer Michael Kors, yesterday said its pre-tax profit for the half year almost tripled, helped by its retail and licensing businesses.

Pre-tax profit for the six months to the end of June amounted to £18.1m (€19m), compared to £6.6m last year. Revenue for the period rose 4.5% to £201.6m.

Michael Kors agreed two months ago to buy Jimmy Choo for $1.2bn, snapping up the British company whose towering stilettos have been made famous by celebrity customers from Princess Diana to Kendall Jenner.