On May 22nd, British luxury fashion brand LK Bennett announced its annual performance for the fiscal year 2022, ending in January. Net sales increased by 30% to reach £49 million, while gross profit grew by 40% to £30 million, marking a significant leap for both metrics. Alongside this, the brand experienced a substantial improvement in profitability, with a profit margin increase of 420 basis points to 61.9% and a threefold rise in EBITDA to £4 million.
LK Bennett attributed its impressive growth partially to the easing of COVID-19 restrictions, which led to the return of various ev …
