Forminster, which owns the Kookai fashion chain, announced that it would open 10 new stores during the coming year.
It is due to open two more during this half, including a flagship store in London’s Oxford Street at the end of November.
First-half pretax profits to August 1 rose 67% to £1.2m while sales rose from £13.2m to £16.2m. However shares fell more than 10% to 78.5p after an 8% decline in like-for-sales since August.
Financial Times 23/10/98 page 26
The Daily Telegraph 23/10/98 page 37
The Times 23/10/98 page 32
