Sales and profits soar at Wolford

Ready-to-wear helped Wolford's sales rocket

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Sales at luxury hosiery brand Wolford jumped by 18% during the six months to October 31 to EUR 76.5 million (£53.8m).

Pre-tax profit at the group soared to EUR 4m (£2.8m), up 53.8% the previous year, with the company reporting double-digit growth across all key markets. Legwear and ready-to-wear fared particularly well as sales increased 16% and 19% respectively.

Wolford's boutiques and shop-in-shops accounted for most of the growth, with sales in the UK growing 32.6%. Sales at Wolford boutiques rose by 28.7%.

Chief executive Holger Dahmen said: "We again beat the year-earlier sales figure, with the highest year-over-year growth of 19.1% coming in the seasonably strong fiscal second quarter."