Oliver Sweeney puts his best foot forward with record profits

Oliver Sweeney has posted record profits as the men’s fashion group’s turnaround continues to accelerate.

Oliver Sweeney, best known for his handmade shoes and boots, was hit hard by the pandemic.

The retail branch went bankrupt and all seven stores closed.

But a focus on online sales and a move into clothing under boss Tim Cooper has paid off, with profits up by a quarter to £583,000 in the year to April 2024.

Turnover was £9 million, up by almost a fifth.

The expansion into apparel, including merino knitwear and chic jeans, saw sales grow by more than half, meaning the company is on track to overtake footwear in the coming year, Cooper said.

The brand is also sold in John Lewis and Next stores.