Table of Contents
Suit and boots: the shoemaker now sells clothes
Oliver Sweeney has posted record profits as change accelerates at the men’s fashion group.
Oliver Sweeney, best known for his handmade shoes and boots, was hit hard by the pandemic.
Its retail division went into administration and all seven stores closed.
But the focus on online sales and the move into clothing under boss Tim Cooper has paid off, with profits rising by a quarter to £583,000 in the year to April 2024.
Sales exceeded £9 million, almost a fifth.
The expansion into clothing, including merino wool knitwear and stylish jeans, saw sales grow by more than half, meaning it is on track to overtake footwear within the next year, Cooper said.
The brand is also sold in John Lewis and Next stores.
DIY INVESTMENT PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-to-use portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free Fund Trading and Investment Ideas
interactive inverter
interactive inverter
Fixed fee investing from £4.99 per month
sax
sax
Get £200 back in trading fees
Trade 212
Trade 212
Free trading and no account commission
Affiliate links: If you purchase a This is Money product you may earn a commission. These offers are chosen by our editorial team as we think they are worth highlighting. This does not affect our editorial independence.