Missguided’s revenues continue to skyrocket

Missguided has posted a 75 per cent jump in revenues for the 12 months to March, topping £206 million.

The brand‘s unprecedented growth in the fashion sector over the past year shows no signs of slowing, recording a 130 per cent growth in international sales with overseas revenue now accounting for 40 per cent of its total business.

READ MORE:  Missguided recruits City advisors for potential float

It attributed these stellar results to continued aggressive investment and expansion across all channels, driven by “strong underlying profit growth”  compared to a year prior.

Reports of continued growth come as the brand considers a potential float, enlisting the help of Rothschild to advise it on its potential options following a review in 2018 or 2019.

This follows a successful transition to bricks-and-mortar retail with its flagship Westfield Stratford store opened last year.

Another physical store is set to open in June in Kent‘s Bluewater shopping centre.

Click here to sign up to Retail Gazette‘s free daily email newsletter


Please enter your comment!
Please enter your name here