Jimmy Choo gross sales put spring in Capri’s step as luxurious shoe-maker reissues basic designs

Jimmy Choo sales jumped over Christmas, but parent company Capri Holdings was held back by its struggling Michael Kors label.

New York-listed Capri said that Jimmy Choo sales rose 5 per cent to £122million over the three months to December 27.

The footwear brand, fronted by actor Sydney Sweeney, pictured, won over nostalgic consumers after relaunching styles from the late 1990s and early 2000s last year. 

But there are concerns the larger Michael Kors brand could hold back the parent group Capri.

Capri, which agreed to sell Italian fashion house Versace to Prada for £1billion last year, saw total sales fall 4 per cent to £750million for the quarter. This was blamed on dismal sales at Michael Kors, which fell 5.6 per cent to £627million.

Patrick Ricciardi, an analyst at research group Third Bridge, said Michael Kors has ‘consistently been slower than rivals to react to fast-moving trends’.

Well-heeled: Jimmy Choo, fronted by actor Sydney Sweeney, pictured, won over nostalgic consumers after relaunching styles from the late 1990s and early 2000s last year