Fortnum & Mason profits soar after strong multichannel performance
Fortnum & Mason has reported soaring profits and sales for the year off the back of what it described as strong multichannel performance.
The luxury food retailer said its pre-tax profit jumped 26% to £12.1m for the 52 weeks to July 14, 2019.
Sales also increased 12% to £138m, representing the seventh successive year that Fortnum & Mason have enjoyed double-digit sales growth.
The luxury retailer, which operates an iconic store in London’s Piccadilly as well as a number of smaller sites including at St Pancras International and the Royal Exchange, hailed “strong multichannel performance and progressive retail expansion programme”.
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