Fat Face to enter US market

Fashion and lifestyle retailer Fat Face, which is owned by private equity group Bridgepoint,

is poised to expand into the US within the next two years, following “very strong” results.

The fashion chain, unveiled its plans to open its first stores in the US as well as launch a dedicated website for American customers within two years, as it announced it had increased its turnover by 9 percent to 179 million pounds for the 53 weeks to June 2.

Anthony Thompson, Chief Executive of Fat Face, said: "It's been a good year for Fat Face. We have seen record sales, improved earnings and created a firm foundation for continued growth. We’ve also seen the benefits of continued investment in product, service and store environment. This has been well received by customers and remains our priority.

“I expect the market to remain highly competitive. However, consumer sentiment appears to be more optimistic than 12 months ago”.

Outgoing Fat Face Chairman Alan Giles added: “These are very strong results. Fat Face is in good shape and ready for its next phase of growth here in the UK, online and internationally.”

Giles will be succeeded by former M&S executive chairman Stuart Rose, who takes over the role on July 26.

Additionally, the company also announced the appointment of Helen Cowing as Chief Finance Director. Cowing joins from Selecta Group on August 1.