Aspinal of London bags a bumper Christmas
>
Aspinal of London is wrapping up a great Christmas after shoppers flock to its shops
Aspinal of London touted a great Christmas as shoppers flocked back to the shops.
The luxury company’s luggage, leather accessories and stationery flew out of the store at the Regent Street store.
The Harrods concession and Royal Exchange boutique also saw huge increases in December 1 with no Covid restrictions for three years.
Sales increase: Aspinal of London is selling a collection of handbags designed by Downton Abbey actress Michelle Dockery (pictured)
Total sales increased by 15 percent in December compared to a year earlier, driven by a 40 percent increase in the number of stores.
Founder and boss Iain Burton praised a particularly strong performance for its core products, including a £495 Lottie bag, as it became the latest luxury company to see strong sales, with wealthier customers still spending heavily.
Burton founded the company in 2001 in London with his Ukrainian wife Mariya Dykalo.
It sells a collection of handbags designed by Downton Abbey actress Michelle Dockery and the £325 Mayfair clutch is a favorite of the Princess of Wales and Jennifer Lopez.
Burton said it hopes to grow the brand and expand internationally. Sales in the nine months to December 31 grew by a quarter.
For the year to the end of March last year, sales were up 29 per cent on a year earlier to £29.8m, while profits more than doubled to £4.1m.