Mamas & Papas enjoyed a record Christmas after returning to profit last year following a successful restructuring of the business. Like for like sales in the six weeks to 3rd January 2016 was 18 per cent higher at £12 million with Sunday 27th December the best trading day yet in its ongoing stores. In the 12 months to 29th March 2015 the business reported an operating profit of £91,000 before one-off costs, compared to a £5.7 million loss in 2014, on maintained sales at £137.6 million (£137.7 million). UK turnover increased to £107.8 million. The business which was acquired by BlueGem Capital Partners in July 2014 operates in 59 countries, has 34 UK stores and employs 1245 people.
Derek Lovelock, executive chairman Mamas & Papas said “Our strong performance this Christmas underlines the strength of turnaround at Mamas & Papas. Investment in global product launches continues to drive double-digit growth in our key categories of travel, home and clothing.”
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