Pentland Group saw a healthy 10 per cent rise in revenues for 2013, with sales hitting £1.9bn and group profit before tax up 36% to £85m.
The results are for the year to 31 December 2013.
Sales at the Pentland Brands division, which includes Berghaus, Mitre, Boxfresh and Red or Dead, were up 11% to £590m, fuelled by record revenues from Speedo and Lacoste Chaussures, while Ted Baker footwear achieved double-digit growth
Taking to Drapers, Pentland Group chief executive Andy Rubin said the sales growth in 2013 “was coming off the back of our efforts to grow our people and our investment in marketing.” Rubin did not rule out acquiring more brands in 2014. “We are acquisitive,” he said, adding that acquisitions made in 2012 including outdoor chain Blacks and rugby brand Canterbury had bedded down well.
Pentland is well-known for looking after its employees and this month it won the “European family business of the year” title at the European Families in Business Awards 2014.
Founded in Liverpool in the early 1930s as The Liverpool Shoe Company, Pentland employs over 19,000 people. Its brands are available in more than 195 countries and it operates over 1,000 stand-alone shops plus 10,000 concessions worldwide.