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Lounge Underwear profits soar

Lingerie brand Lounge Underwear has reported a 124% year-on-year increase in net profit to £2m for the 52 weeks to 31 March. 

The brand also generated a turnover of £5.8m, up 118% on 2017/18 and 582% from 2016/17. 

Since it launched in 2016, Lounge Underwear has increased its staff members from four to 23, and further recruitment is planned for the coming year.

It has relocated its headquarters several times to accommodate its growth, and has expanded its warehouse four times to allow for future scaling of the business.

Lounge Underwear currently only retails on its transactional website, and does not wholesale. It has no plans to wholesale or open any stores. 

Retail prices range from £40 for a bra to £55 for jogging bottoms. 

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