AllSaints has drawn a line under its troubles following the Icelandic banking collapse to announce an earnings leap of 750% from £2m to £17.2m.
Sales at the fashion retailer also rose from £197m in 2012 to £219m. It’s operating loss has dropped to just £1m, from £19.7m the year before and pre-tax loss was halved from £35m to £18.4m.
The company entered the recession weighed down by a heavy debt burden after its former owners – Icelandic bank Bauger and Karen Millen’s former husband, Kevin Stanford – over-expanded.
Times, 47
