By

Sandra Halliday Published January 2, 2025 Download
Print
Text size

Aspinal of London sales rise but investment dents profits

By

Sandra Halliday Published
January 2, 2025

Aspinal of London’s latest year looks to have been a good one on the sales front with the company’s accounts for the year to the end of March showing a 9% revenues jump.

But the luxury leathergoods business saw falling profits as it invested for growth. 

Sales reached £38.6 million but adjusted EBITDA plummeted 27.4% to £5.3 million, “caused, in the main, by a substantial increase in marketing expenditure deployed in seeding new international operating markets”.