Like-for-likes up a third
Jeweller Theo Fennell revealed a sales increase of 41 per cent - to£10.6 million - for the six months to September 30, compared with£7.6 million last year.

Like-for-like retail sales were up 35 per cent and pre-tax profits rose by£340,000 in the first half of the year, compared with a loss of£900,000 last year.

The retailer reported an encouraging start to second half trading, which has left the group well positioned for the Christmas period. The jeweller has also been expanding internationally, with store openings in Hong Kong, Dubai, Dublin and, most recently, Moscow performing ahead of expectations.

Theo Fennell chairman Richard Northcott said: 'Theo Fennell has made excellent progress with the universal appeal of our unique design-led product. Our success in the first half highlights the overall international potential of the Group. With an established base in a number of international markets, Theo Fennell has the opportunity to expand further, using its design ethos, healthy balance sheet and strong management team.'

The jeweller is also launching a Theo Fennell scent at Harrods in February.

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