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Jacques Vert in fashion as profits double since last year

FASHION retailer Jacques Vert has reported pre-tax profits which have more than doubled since last year.

The company, which owns the Windsmoor, Precis, Planet and Jacques Vert labels, saw profits rise to £2.9m, compared with £1.1m last year. Meanwhile, sales were 1.6 per cent higher on last year at £55.8m.

Shares surged by a third after the results, for the 26 weeks to 24 October, were announced.

The online business has performed well with the brand launched on Debenhams and John Lewis websites as well as its own sites.

Sales for the period were up 1.6 per cent to £55.8m. Chief executive Paul Allen said: “We have been particularly pleased with the performance of our online sales.”

But he warned the second half of the year would still be difficult.