Hackett London store
08 Nov. 2011
HACKETT LONDON REPORTS TURNOVER AND PROFIT GROWTHLuxury British menswear, childrenswear and accessories brand, Hackett London, has released its annual report and financial statement for the fiscal year ended March 31, 2011. The figures, reporting a turnover increase from £58 million to £75.6 million and a profit growth from £3.6 million to £4.3 million, refer to Hackett Limited only (including UK and Ireland retail, wholesale sales and global inter-company sales). Hackett London does not publish consolidated results.
According to the company, the positive balance in the UK retail results from strong e-commerce growth and relocation/refurbishment actions. During the past year, Hackett London has expanded its wholesale activities by a business partnership in the Middle East, increased its cooperations with department stores across Europe and opened new franchise stores in Amsterdam and Zurich.
Hackett London is part of Pepe Jeans SL and has a joint venture with New York-based accessories label Coach in the UK, Ireland, Spain and Portugal.
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