Jimmy Choo plans expansion

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Friday, 04 April 2003

High class shoe label Jimmy Choo has announced it plans to open 25 new boutiques all around the world within six months and increase its turnover by 30%. The company, which was founded by Tamara Mallon and Jimmy Choo, is getting ready to invade the markets. Nowadays the brand counts 200 flagship stores all around the world and it's planning a growth of its retail aimed at specific markets. The company is planning openings in the United States, Paris and Dubai. After that Milan will be the next target, where the new outlet will be added to the other 20 selected ones. The last year, its turnover and profits redoubled and for 2003 they forecast a further increase of 30% in the turnover and 40% in profits.


 
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