Pretty Green's full-year revenue up 31%
Pretty Green, the menswear retailer launched by British musician Liam Gallagher, posted a 31% increase to £19.8 million in group revenue in the year to 30 September 2015.
The retailer offers clothing inspired by Rock 'n' Roll music and British street culture. It has over 32 stores in the UK and Japan well as a strong online offer. Its collections are also distributed through 120 wholesale accounts.
Sales grew by double digits across all channels, with retail sales up 24%. International markets also delivered growth, as retail sales increased 20%.
Like-for-like adjusted EBITDA up 90% to £1.6m.
“2015 was a year of investment – not only in brand awareness but also in infrastructure and talent, including moving to our new head office near Kings Cross. Our strategy to continuously improve our product offering continues to resonate with our customers and brand followers, and we believe we now have the right foundations in place to further build on our ambitious expansion plans both in the UK and internationally,” said the company’s CEO, Richard Ralph.
Despite the widely reported volatile trading environment and uncertainty, the retailer said 2016 has got off to a strong start as its hand-drawn prints and exclusive fabrics continue to attract customers.
Copyright © 2023 FashionNetwork.com All rights reserved.