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

First men’s designer for Austin Reed

Austin Reed has appointed its first menswear designer after a surge in profits at the middle market chain.

EBITDA climbed 31% to £8.8 million for the year to January 31, up from £6.7m the previous year, with group sales up 4.3% for the 13 weeks to April 27.

Total UK sales at the group, which includes the Austin Reed and CC chains, were up to £110m from £108m for the year, with like-for-likes up 0.8%.

International sales were more than £100m. Online sales grew to £1.3 million, a sixfold increase. The results are the company’s first for a full year since going private in January last year.

Chairman Guy Naggar said the business was committed to a substantial investment programme that would help it weather a more challenging market environment.

The company has appointed Ryan Hackett, previously a menswear designer at John Richmond, to increase Austin Reed’s appeal to younger customer with slimmer cuts and sharper silhouettes in its mainline. This will include a relaunch of the trend-led Red brand for autumn 08.

Austin Reed plans to open 30 stores and concessions in the UK and Republic of Ireland this financial year, including Liverpool and Newcastle upon Tyne, both of which will feature new storefits.

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.