Missguided’s revenues continue to skyrocket

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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.

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