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Figleaves expected to post first ever profit

Lingerie etailer Figleaves is expected to post its first profit when it reports its full-year results tomorrow.

The branded lingerie etailer, which has been owned by home shopping group N Brown for the last two years, has never posted a profit since launch 14 years ago.

However, according to reports in the Sunday Times, analysts expect N Brown to reveal that the site has made a profit when it reports its results tomorrow (Tuesday May 1).

N Brown, which owns brands including Jacamo, High and Mighty and vivaladiva.com, is expected to report a pre-tax profit of £94m on sales of £743m, helped by its plus-size High and Mighty menswear brand which accounts for more than 10% of its total turnover.

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