Kurt Geiger has doubled its full-year pre-tax profits, despite multiple changes of ownership in recent years.
The footwear retailer’s pre-tax profits went from £11.4m to £22.8m in the year to December 31. 2015.
Its sales also rose, going from £251.7m to £281.6m.
Kurt Geiger has been through three sets of owners in the past four years.
Its most recent sale, to European private-equity group Cinven, was in December 2015 and so is not reflected in its results.
Verdict Retail analyst Nivindya Sharma said: “Given its robust product proposition and the continuing desirability of its brand, Kurt Geiger is in prime position to benefit from further investment from its new owners, whose focus must now be on nurturing the brand and expanding internationally as its domestic presence matures.
“The retailer’s fashion-led proposition, premium – yet accessible – price points and distinct design aesthetic is unrivalled on the high street, and has kept it top of mind for footwear shoppers.”
Sharma added that the footwear market was tougher in 2016 than it had been in 2015, and that Kurt Geiger had not been immune to those pressures.
This was evidenced by its heavy discounting over the last few months, even on new stock.
She added: “The retailer has to be careful to not dilute the Kurt Geiger brand too much, and ensure it remains aspirational and recognised for its quality and design credentials.”