The British clothing retailer Pringle of Scotland Limited achieved growth in sales and earnings in the 2024 financial year. This emerges from an annual report that was published on Monday in the British commercial register Companies House.
In the 52 weeks to December 29, 2024, the Hawick-based heritage knitwear brand increased its sales to 3.79 million British pounds ($4.47 million). The net profit increased to almost 1.49 million British pounds (1.76 million euros). In the previous financial year, which only covered eleven months, it was only around 0.3 million British pounds (0.4 million euros).
The Board of Directors, which was expanded in May 2024 with the appointment of Ryan Fox, remained optimistic about the company’s long-term development: the latest results are a “decisive step” towards “stabilizing the financial future” of the 200-year-old brand.
After being taken over by entrepreneur Menoshi Shina in 2023, the company has officially started a “new chapter”. Shina also owns Crew Clothing and men’s fashion chain Moss. The move came after the brand was owned by the family of late Hong Kong textile billionaire Kenneth Fang for two decades. Fang died in 2022.
This article was created using digital tools translated.
FashionUnited uses artificial intelligence to speed up the translation of articles and improve the end result. They help us to make FashionUnited’s international reporting quickly and comprehensively accessible to a German-speaking readership. Articles translated using AI-based tools are proofread and carefully edited by our editors before they are published. If you have any questions or comments, please email [email protected]