White Company and Charles Tyrwhitt owner Bectin may have seen profits falling in the year to March 2017, but the firm saw it as a successful year as sales rose and the profits drop was attributed to a one-off issue.
Luxury brands at London’s St Pancras International enjoyed a bumper Christmas season, with like-for-like sales up 10.1% over the period, compared with the 0.6% growth reported by the wider retail sector.
Westfield London’s much-talked-about extension will open in three phases starting in the spring with phase two not due until this summer and the entire £600 million extension to be open by the autumn.
Retail power couple Chrissie Rucker and Nick Wheeler, the respective founders of The White Company and shirt brand Charles Tyrwhitt, have been recognised for their services to retail in the New Year’s Honours list.
In her first results announcement since taking over as CEO, The White Company chief executive Mary Homer reported sales growth and an operating profit rise at the UK-based company, although profit was only up by 2%.