The UK arm of handbag brand Longchamp has reported an 18% increase in sales to £8.7 million in 2015, from £7.3 million a year earlier. The company currently trades from 3 boutiques in London, one outlet and two concessions.
Profit for the year to 31 December 2015 was up to £392,988, from £223,832, although the British division said rising property rental prices are a potential risk for the business and could lead to stores becoming loss making. 2 of its stores are located on Regents Street and New Bond Street, which are among the most expensive shopping locations in the world, with rent on New Bond Street can reach up to £868 a year per square foot.
Longchamp UK said it conducts performance reviews of each shop on a regular basis.