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Jimmy Choo first-half profit surges, surpassing previous year’s profit

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Jimmy Choo enjoyed a sharp rise in profits and sales in its first half, with pre-tax profits alone almost tripling year-on-year and surpassing the full-year profit recorded in 2016. The results have prompted the British retailer to fee confident about the remainder of the year, especially after Michael Kors acquired the business in July for £896 million. The luxury brand’s adjusted EBITDA increased 19.5 per cent to £37.4 million for the six months to June 30, while adjusted EBIT grew 24.5 per cent to £26.9 million.

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Jimmy Choo first-half profit surges, surpassing previous year’s profit

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