Karen Millen has stemmed its losses while its profits and sales remained fairly stable, in what has been a “year of change” for the fashion retailer. In its fiscal year ending February 28, operating losses were slashed by 12 per cent to £9.2 million, while gross profit rose 1.6 per cent to £95.4 million and sales dipped 1.2 per cent to £158.8 million. It’s the first full-year results Karen Millen has posted under chief executive Beth Butterwick and chief financial officer Emily Tate – both of whom were hired during the year.
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Karen Millen losses slashed as business stabilises under new CEO