Jimmy Choo’s Casual Shoe Offering Seen as ‘Long-term Growth Opportunity,’ Capri CEO Says
Summary
Jimmy Choo's first-quarter revenue rose 10.5 percent from a year earlier and exceeded expectations. Capri's chief executive identified casual footwear as a long-term growth opportunity for the brand.
The results give Capri room to invest in Jimmy Choo's expansion beyond formal and occasion
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Jimmy Choo is using strong momentum to pursue a more accessible category with larger growth potential.