Fred Perry boasts 7% turnover increase

Fred Perry
// Fred Perry reports 7% overall turnover increase
// Pre-tax profits £21.28m, up from £20.25m
// UK & Europe sales up 6%

Fred Perry has revealed a turnover increase of seven per cent to £118.6 million, while its pre-tax profits climbed from £20.25 million to £21.28 million.

In accounts recently filed at Companies House, the British retailer said its UK and Europe sales increased by six per cent for the year to March 31 2018, while sales in other regions enjoyed an increase of nine per cent.

Operating profit also came in at £20.95 million, up from £19.98 million the year prior.

Fred Perry, which is owned by Japanese clothing company Hit Union, recently announced a dividend of £9.6 million compared to the £7 million last year.

The retailer currently runs 250 shops globally and has recently collaborated on clothing lines with designers Raf Simons and Margaret Howell.

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