Whistles Set For 2m Profits

Whistles is expected to turn in profits of GBP2m by January next year, according to parent company Karen Millen, which filed accounts for both brands at Companies House last week. For the 53-week period ended February 2 2003, Whistles broke into profit for the first time in three years. It reported pre-tax profits of |GBP255,773 against losses of GBP961,873 for the 52-week period ended January 27 2002.

This year the product has seen a return to its high standards and sales have a complete turnaround from the spring season. With an encouraging autumn period so far, Whistles is up double digits on like-for-like sales within Harvey Nichols and Selfridges. Group finance director Sanjay Sharma stated Karen Millen would continue to expand both in the UK and overseas next year.