Upbeat Oliver Bonas bags £9m profit
Cheerful Oliver Bonas makes £9 million profit
Painful increases in household bills did not stop shoppers from spending their money at Oliver Bonas last year.
Turnover for the year to December 31 was £115 million, Companies House accounts show. This helped the retailer – which sells jewellery, stationery and fashion – make a profit of £9m.
Sales “remained resilient” and this year “things are slightly brighter” as inflation has eased, the company said.
The mid-range favorite now has more than 80 stores across the UK and Ireland.
Last year, eight were opened and two others were ‘dramatically’ expanded.
Resilient: Oliver Bonas – a company that sells jewellery, stationery and fashion – made a profit of £9 million
Oliver Bonas was founded by ‘Olly’ Tress, who turned the gifts for his friends from his trips abroad into a business. The first store opened in 1993.
Tress has three children with Gina Coladangelo, who is now the partner of former Health Secretary Matt Hancock.