Iconic London department store Liberty has reported a 7% rise in full year sales.

The luxury retailer posted unaudited sales of £124m in the 52 weeks to February 1 and expects to generate EBITDA of £17.5m.

Like-for-like sales were up 11.2% in its flagship while footfall was up 5% to 4.5 million.

Liberty online sales over Christmas jumped 86%.

The retailer said brands including Givenchy, Victoria Beckham, Valentino, Stella McCartney and Alexander McQueen did particularly well in the year.

Nearly half a million people are now part of Liberty’s loyalty card scheme.

Last year Liberty attracted a consortium of investors including “some prominent and well established international families from Europe and the Middle East” to invest in the business alongside owner private equity firm BlueGem, which has retained a “sizeable” stake.

Liberty said the investors provide it with the “significant stability of capital”.