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Jimmy Choo pre-tax profits soar

Luxury footwear brand Jimmy Choo saw pre-tax profits soar almost 20% to £26.9m last year as turnover shot up by 34%.

The luxury brand delivered a pre-tax profit of £26.9m for the year to December 31, a 19.2% increase on the previous year. Turnover also jumped 34% to £166.8m according to The Independent.

Jimmy Choo was sold to the Swiss luxury goods company Labelux Group in a deal valued at £549m in May last year.

Since then there has been upheaval with founder and creative director Tamara Mellon leaving the business in November and chief executive Joshua Schulman departing at the beginning of this year. The Independent suggested that the brand is now searching for a new chief executive to work with creative directors Sandra Choi and Simon Holloway.

Under new ownership the luxury brand is planning international growth and will target Chinese and Russian consumers.

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