Boodles sees profit from international expansionTuesday, 17 July 2012
Boodles, the luxury jeweller, saw its pre-tax profits
increase from £4.7 million to £6.2 million in the year to end February 2012.
Turnover at the family owned company rose to £48.1 million from £41.9 million in the previous year.
Nicholas Wainwright, Boodles chairman, said: "We had a cracking year, thanks in part to higher value sales and international sales in London."
The company said that the number of overseas shoppers visiting its London stores was up 5% from five years ago which had helped it to withstand the difficult trading conditions in the UK. Regarding the outlook, Wainwright said: "It think it will be challenging for the jewellery market this year, but there is business out there, you just have to try hard to win it."