Aspinal of London, which counts the Duchess of Cambridge as a fan, bagged strong Christmas sales growth, the luxury accessories maker said on Friday.
The handbag firm said same-store sales in December climbed 12%, helped by a 29% surge at its Royal Exchange branch, and double digit rises at a number of its other London shops.
Online sales last month jumped 16%.
Chairman Iain Burton, the firm’s ultimate owner, gave the update as Aspinal of London reported turnover increased 11% to £35 million for the year to March 2019. Pre-tax losses widened to £5.9 million from £3.2 million, after a number of one-off costs, including for new IT systems and store opening investments.
The firm, which is working with investment bank Houlihan Lokey to find a new business partner to help fund expansion plans, will open a new concession in Harrods this May.
Aspinal of London wants to open up to 10 more shops in the Middle East over the next three years. It has just launched its first flagship store in China.
