Dame Vivienne changes back into black
Monday 23 July 2012
Vivienne Westwood, the grande dame of rebellious British fashion, is still on trend after more than 40 years in the business. Her company is back in the black after posting a loss last year as a result of tax bills.
Profit for 2011 was £435,292 after a loss of £610,275 the year before. Turnover for the period rose 7.1% to £25.5m while gross profit rocketed 39% to £10.3m from £7.4m the previous year.
Dame Vivienne, famed for her punk designs, high heels, bustles and bustiers, had to settle a tax bill in 2010 after it was found her UK business had been selling her clothing around the world without permission.
Her fashion faux pas led to a bill of £348,463 plus interest of £144,112.
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