Department store group Fenwick is back in the black after selling its 130-year-old Bond Street store.
The department store group posted a pretax profit of £57.1m in the year to the end of January, up from a loss of £5.2m the year before.
It was aided by exceptional items of £97.5m from the sale of its store to developers.
Fenwick did not disclose the sale price but agents believed it fetched about £430m.
