AllSaints sales rise but losses deepen

Premium high street fashion brand AllSaints achieved its fifth consecutive year of sales growth in the year to 3 February 2018 but its losses doubled year-on-year.

During the period the group achieved revenues of £327m, up 7.9%, but losses more than doubled to £34.3m, according to its latest accounts filed at Companies House.

The company said it was trying to focus more on online sales and its international business and that investments in wholesale, licensing and franchising had hit its profits.

AllSaints is owned by private equity house Lion Capital. The retailer's former CEO William Kim left the business after six years in September to join Lion and chief operating officer Peter Wood took over.