LUXURY shirtmaker Thomas Pink saw profits jump by almost a fifth last year as it continued to ramp up its online expansion and come up with new products.
The chain, which is owned by French luxury goods giant LVMH, posted a 19 per cent rise in pre-tax profits to £1.9m in the year to 31 December, up from £1.6m the previous year.
Sales rose 2.7 per cent to £34.8m, thanks to increased demand from its franchise partners. However, this was a slowdown on 2011 when sales increased by six per cent to £33.9m, the accounts filed recently at Companies House showed.
Thomas Pink, which was founded in 1984, said it was “satisfied” with the performance during the year.
“While the economy in the main UK market is likely to remain tough, continued product innovation, a focus on customer service and ongoing investment in the web and other technologies are expected to deliver further growth in the business going forward,” the retailer said.