AllSaints delivers heavenly profits and sales

The fashion chain AllSaints Spitalfields more than doubled its profits last year, driven by a 22 per cent surge in underlying sales.

The company, which completed a £30m refinancing last July, delivered a 136 per cent increase in pre-tax profits to £10.7m in the year to 31 January, compared with £4.5m the year before. The fast-growing chain, which was founded in 1994, is extending its international reach to Boston and New York in the US this year, as well as a shop in Tokyo.