GENERAL MERCHANDISE NEWS
Fat Face to enter US
23 July, 2013 | by Retail Bulletin
Lifestyle clothing retailer Fat Face is to expand into the US after seeing a sharp rise in annual profits.
The retailer, which operates around 200 stores in the UK, plans to open three outlets on the US east coast during the next two years as well as launch a US website.
Owned by private equity group Bridgepoint, Fat Face increased its underlying profit by 35% to £31.2 million in the year to 1 June 2103 while turnover rose by 12% to £179 million.
Speaking of the decision to enter the US market, Fat Face chief executive Anthony Thompson said: “It was a considered decision based on an awful lot of research, which gives us the confidence to go in there.”
