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Pretty Green returns to profit

Pretty Green is back in the black making a pre-tax profit of £43,000 for the year to September 30 after reporting a £2m loss the previous year.

The brand increased sales by 38% to £15.1m six years after the menswear brand founded by Oasis singer Liam Gallagher was launched.

The company has 15 stores in the UK and Japan and a wholesale business which includes department stores and independent retailers.

In its retail division, sales were up 32% to £10.9m, while wholesale sales increased by 54% to £4.2m.

Online sales were up by 17% during the year, with web sales now accounting for 23% of total revenues.

Richard Ralph, chief executive said: “The financial statements reflect positive growth across all sales channels in addition to an improvement in gross profit margin. Trading in the current financial year has been strong and we expect the results to show continued improvement as we benefit further from investment in building the Pretty Green brand.”

@Tara_Hounslea

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