Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Drapers Top 100 2016 – 77. Olly Tress, founder and chief executive, Oliver Bonas

Position last year: New entry

 

Olly Tress

Olly Tress

 

Oliver Bonas has enjoyed quiet but steady growth over the past few years, and now has almost 60 stores in the UK, mostly in the southeast of England.

Founder Olly Tress’s decision to shift the lifestyle and fashion retailer’s focus onto in-house designed product, a strategy he has invested further in this year, has paid off. Turnover grew 28% to £42.6m in 2015, its most recent results.

Also of note, given the brouhaha over the introduction of the compulsory living wage in April this year, is Tress’s stance on pay. Last year, Oliver Bonas became the first UK retailer to commit to pay all of his directly employed staff at least the voluntary living wage of £7.85/hour and £9.15/hour in London. Tress has since admitted the short-term costs were “considerable”, but insisted it would lead to happier staff – and therefore better sales.



Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.