Sales and profits at contemporary womenswear chain Phase Eight soared during the year to January 29 on the back of improved sourcing and reinvigorated product.
The business, which is majority owned by private equity firm TowerBrook Capital, saw sales jump 27.8% to £92.9m, while pre-tax profit increased 42.2% to £15.4m.
Phase Eight chairman Michael Rahamim said: “There haven’t been any dramatic changes, it has simply been about listening to our customers, understanding what they want and responding to that.”
Rahamim added that Phase Eight had opened a buying office in China to increase sourcing from Asia and had introduced higher quality fabrics such as silk.
During the year, Phase Eight opened eight stores and 23 concessions, bringing its UK total to 93 stores and 150 concessions. It will open up to 15 stores and 15 concessions during this financial year.