Cashmere knitwear specialist N Peal has posted revenue of £20.8m for the year to 31st December 2022 which is up fom the £16.3m generated for the prior year.
During the year the business opened a new store in La Vallee, France in May 2022 and relocated its Covent Garden store.
Adam Holdsworth, managing director, N Peal said that all of its stores are now trading significantly better than they had pre-Covid and that the luxury sector had remained ‘shielded’ from the challenging environment in the wider market.
Further stores are planned by the business this year for New York and Munich.
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