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'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

River Island profits fall

River Island saw profits fall to £152.8 million for the year ended December 2007, down from £157m the previous year.

However River Island sales rose by nearly 8% to £727m over the year.

According to The Sunday Telegraph, profits halved at the investment vehicle of of the billionaire Lewis family who own River Island for the year. Group turnover at The Lewis Trust Group rose from £812m to £888m, but pre-tax profits fell from £243m to £149.9m.

The directors said in a statement in the accounts: “The market…is highly competitive. Turnover in the first part of 2008 is in lie with expectations, taking into account the more challenging environment.”

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.