Week V

Reiss profit




If Reiss would launch new underwear potential for men's collection, customers based on men because women's wear has already too much competitors in industry.

According to Fashionstory Reiss expects earnings before interest, taxation, depreciation and amortisation (EBITDA) from the UK outlets to be around £12.7m, up from £9.1m last year, finance director Steven Downes said.

Mr Downes said the privately-owned retailer has been reaping the benefits of changes that it imposed at the company in 2009. The prediction of good earnings growth came as Reiss’s annual accounts for the year to January 31, 2010 were posted at Companies House.

reference: fashionstory.com