Underwear maker reports turnover rise

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A manufacturer of women's underwear, which can trace its roots back to the 1920s and sells its products through retailers including Harvey Nichols, Harrods and John Lewis, increased its turnover to almost £60m in its latest financial year.

Wacoal Emea, which is based in Desborough, has reported a turnover of £59.4m for the 12 months to 31 March 2020, up from £57.2m.

Its pre-tax profits went from £774,000 to £585,000 over the same period.

A statement signed off by the board said: "As the financial year came to a close the business saw a negative impact on its results due to the global Covid-19 pandemic.

"From the early part of March a decline in orders began

 link source - Insider Media

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