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Profits soar 26% at Fat Face as sales reach £200m

Pre-tax profit at lifestyle retailer Fat Face jumped 26% to £39.3m for the year to May 31 as sales rose to £200m.

Pre-tax profit at lifestyle retailer Fat Face jumped 26% to £39.3m for the year to May 31 as sales rose to £200m.

Sales grew 12% year-on-year, while value of shares held by directors, including Fat Face chairman Stuart Rose, rose by £5.1m - more than three times the increase of the year before.

Fat Face directors were paid £2.2m for the year, double the salary and bonuses of previous 12 months; individual salaries were not disclosed.

Chief executive Anthony Thompson, like Rose, is a former Marks & Spencer director. He became CEO in April 2010; Rose was named Fat Face chairman in February last year.

The business abandoned plans to list on the London Stock Exchange in May amid concerns of dwindling interest in retail stocks at the time. The flotation would have valued the business at £400m.

Private equity firm Bridgepoint acquired 70% of Fat Face in 2007.

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