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Jimmy Choo chair faces shareholder rebellion

Luxury accessories brand Jimmy Choo could be facing a shareholder revolt over the re-election of chair Peter Harf.

Shareholder advisory groups Pirc and Institutional Shareholder Services have both told investors to resist re-electing Harf at today’s annual general meeting, City AM has reported.

The newspaper said that Pirc had drawn attention to Harf’s position as chair of JAB Luxury, which is a controlling shareholder of Jimmy Choo.

In a statement, Jimmy Choo said the business was “trading strongly in the year to date and in line with management’s expectations”.

Jimmy Choo announced it had put itself up for sale in April this year.

It reported a 15% jump in revenues to £364m for the full year to 31 December 2016, fuelled by strong growth in Asia, Europe and Japan.

 

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