Jack Wills’ turnover up to 121.8 million poundsThursday, 20 September 2012
British preppy retailer Jack Wills earned 32 percent more
in the year to January 2012.
As reported by ‘The Sunday Times’, during the year, the company invested 20 million pounds in store openings, being most of them at the East coast in the US.
Due to the last openings and staff enhancement, EBITDA suffered, falling from 15.9 million to 11.8 million pounds. Earnings fell 26 percent from 15.9 million pounds in 2010 to 11.8 million pounds.
Peter Williams, cofounder and chief executive of Jack Wills, denied in an interview with the Sunday paper the hypothetical floatation that had the industry talking. The hiring of Wendy Becker, who was previously group marketing head at Vodafone, to take over as chief operating officer at both Jack Wills and Aubin & Wills, its sister brand spurred speculation that the retailer may be planning to undertake a floatation.