Represent Clothing turnover hits £80.8m in FY23
Additionally, its new customers globally also increased by 84% during the year
Clothing retailer Represent has delivered “exceptional” results for the year ended 31 December 2023, as its turnover increased 67% to £80.8m.
Its operating profit-before-tax also increased from £9m in 2022 to £13m in 2023. Meanwhile, the group reported EBITDA of £14.6m, reflecting an increase of £4.8m in the prior year.
In the UK, Represent’s sales surged to £46.6m from £24m, while European sales increased from £12m to £19.4m.
Additionally, its new customers globally also increased by 84% during the year.
Looking ahead, the group stated that it continues to grow online within its wholesale, in the UK and international markets.
The business has also expanded into retail, with the opening of a Los Angeles store in March 2024 and signed two leases for retail spaces within the UK.
Represent Clothing said: “We are pleased with the results of the year, and remain confident and excited for our future development. Our company mission is clear – ‘To build the best brand in the world’. Our teams are united in the pursuit of that mission and our values.”
