Drapers has reported that operating profit at British brand Paul Smith has increased by 72% to £5.7m for the year to 30 June 2019, despite challenging market conditions.
Turnover rose 8.9% to £215m, compared with the same period in 2017/18. This was a result of continued investment in new shops, business systems and promotional activities during the year.
Wholesale sales to franchise partners, department stores and selected multi-brand shops and online retailers worldwide increased by 4.8% to £79.9m.
To read the Drapers article in full click here.
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