LK Bennett Celebrates “Most Successful Year in Over a Decade”, Return of Formal Attire Demand Boosts Profits

5月 24, 2023

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 …