Fashion brand owner will focus on acquisitions
Fashion brand owner Marchpole, which produces brands including Yves Saint Laurent and Emanuel Ungaro, has unveiled flat profits in its preliminary results released today.

Pre-tax profit for the year to March 31 was£4.9 million, the same as last year. Turnover was£38.4 million, up 22 per cent on last year.

The clothing group said its acquisition of Moda America, the US licensee of Emanuel Ungaro, had been immediately earnings-enhancing. The deal, completed in March this year, has strengthened the company's relationship with the Emanuel Ungaro brand.

The company said its forward order book for this year's autumn/winter season was strong at£40 million, compared with£14.9 million last year.

Chairman Christopher Phillips said: 'We will continue to focus on acquisitions, entering into new licensing agreements and extending existing ones.'

Executive deputy chairman Michael Morris said the company was in negotiations to buy two well-known international brands, one under a licensing agreement and another under a purchasing agreement.

Over the next year, the group will concentrate on the Ungaro Homme label launch this autumn and developing the Jean-Charles de Castelbajac brand in the US, the UK and new market the United Arab Emirates.

The fashion group said it was still looking for a location for its flagship store in England. It has narrowed the search to Westbourne Park, Notting Hill Gate and Covent Garden.