The British subsidiary of the US fashion house Tory Burch achieved significant increases in sales and earnings in the 2023 financial year. This emerges from the current annual report of Tory Burch (UK) Limited, which was published in the British commercial register on Thursday.
The company, which operates, among other things, three stores and the online business in Great Britain as well as two stores in Germany through its subsidiary Tory Burch Germany Retail GmbH, achieved sales of around 28.4 million British pounds in the most recent financial year, which ended on December 30, 2023 pounds (34.3 million euros). This corresponded to an increase of 16.4 percent compared to the previous year.
The result also increased significantly. The operating profit, which was only 0.40 million British pounds in 2022, increased to 2.51 million British pounds. The net result attributable to the shareholders of the parent company jumped from 0.34 million British pounds to 3.31 million British pounds (3.98 million euros).