Edinburgh Woollen Mill’s profits rise in ‘turnaround’ period
The Edinburgh Woollen Mill group has posted an increase in profits as the fashion retailer continued to expand its luxury division.
The group – which owns brands Edinburgh Woollen Mill, Jaeger, Austin Reed, Berwin & Berwin and Jacques Vert – recorded £23.4m profit after tax for the 27-week period to March 2.
Group sales for the period were £327.14m, but a year-on-year comparable was not given. For the 78-week period from 2018, sales were £935.8m.
Edinburgh Woollen Mill posted profit after tax of £12m and Peacocks posted profits after tax of £17m. During the period, Jaeger losses narrowed to £1.1m and seven new store locations were added to its portfolio.
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