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 use cookies to personalise your experience; learn more in our Privacy and Cookie Policy. You can opt out of some cookies by adjusting your browser settings; see the cookie policy for details. By using this site, you agree to our use of cookies.

Profits rocket at Fred Perry

British heritage brand Fred Perry has reported a 33.4% year-on-year rise in pre-tax profits to £28.3m for the 12 months to 31 March 2019. 

The retailer said the increase was helped by its continued “firm control of the overhead cost base”. Turnover increased by 3% to £122.2m compared with the same period 2017/18, and was boosted by its operations outside of the UK and Europe.

Gross profit rose by 10.5% to £66.1m from £59.8m. Fred Perry said the year-on-year increase was the “result of a change in the sales mix and positive currency hedging”. Net assets rose to £133.1m from £122.3m.

Fred Perry plans to focus on building the brand by controlling the distribution channels of its product and improving the quality and depth of its product ranges. 

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.