Perfume Shop to expand UK business

The Perfume Shop plans to double the number of stores in the UK during the next three to five years. The perfume shop has 114 stores all of which are within shopping malls. The parent company, Merchant Retail Group, was acquired by AS Watson the Hong Kong based health and beauty retailer for £221.9m in May.

Philip Newton Chief Executive said "Our stores are as far north as Inverness and as far south as Poole , We are looking to fill the gaps" "The usage of perfume in the UK is about half of that in France and there is significant opportunity for growth."