Thursday, July 27, 2017

Pretty Green’s pretty good year

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Menswear retailer Pretty Green has experienced “strong double digit growth” across all channels in its latest full-year report.

Chief executive Richard Ralph also said that business was “positive” so far in 2016 despite fears of an economic backlash from the result of the EU referendum.

Group revenues for the retail chain, which was founded by Oasis frontman Liam Gallagher, went up by 31 per cent to £19.8 million in the year to September 30, 2015, while like-for-like adjusted EBITDA soared by a massive 90 per cent to £1.6 million.

RELATED: Stop crying your heart out: Pretty Green profits defy warm winter blues

The company also said retail sales had increased by 24 per cent year-on-year, driven by 20 per cent uptick in international retail sales.

Ralph said 2015 was a “year of investment” as Pretty Green invested in its brand awareness and relocated its head office to Kings Cross in London.

“Our strategy to continuously improve our product offering continues to resonate with our customers and brand followers, and we believe we now have the right foundations in place to further build on our ambitious expansion plans both in the UK and internationally,” he said.

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