Bridge-to-designer brand Reiss has had a year of heavy investment, boosting both its management team and infrastructure.
Founder and managing director David Reiss made some key appointments during the year, including former Stella McCartney director Andy Rogers, who was appointed to the new role of brand director. He was drafted in to spearhead new premium line Reiss Black Label, which launched this autumn.
The retailer posted a 10% fall in operating profit to £8.8 million for the year to January 31, because of increased costs attached to global expansion. Sales rose 18% to £67m over the period, but EBITDA fell back to £11.9m from £12.5m in 2007. However, Reiss has seen a significant increase in the number of shops, including key stores in Heathrow Terminal 5 and Westfield London, to almost 100 outlets worldwide. The retailer intends to eventually grow to 250 stores worldwide.