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PRIVACY
Retail & Consumer

Sales surged 130% at online womenswear fashion brand In The Style ahead of AIM float

The company has also handed back money claimed under the Coronavirus Job Retention Scheme

In The Style(Image: In The Style)

Turnover at online womenswear fashion brand In The Style surged by more than 130% in the year before the Salford-headquartered company floated on the London Stock Exchange's AIM market.

The business has revealed its sales, subject to audit, for the 12 months to March 31, 2021, are set to be no lower than £44.5m, up from £19.3m.

In The Style added that it saw a rise in new customers during the year by 19% to 420,000.

The company also confirmed that following the strong trading performance, the group has returned the financial support previously claimed under the Coronavirus Job Retention Scheme.

The figures come after In The Style completed its float on March 15 with a market capitalisation of about £105m.

Chief executive and founder Adam Frisby said: "We have maintained our strong momentum since our successful IPO and delivered a very good performance for the year.

"I'd like to take this opportunity to thank our partners, colleagues and customers for their continued support of the brand during what has been a transformational year for In The Style.