HACKETT WINS: British men’s wear brand Hackett London has been honored with a Queen’s Award for Enterprise in international trade, in recognition of the label’s growth in export sales and the company’s overall performance. The awards, which honor commercially successful businesses based in the U.K., are presented and approved by Queen Elizabeth II, and recommended by Britain’s Prime Minister David Cameron. Hackett said that its export sales grew 15 fold between 2008 and 2011, while the firm’s turnover tripled during that period. In the year to March 31, Hackett reported a turnover of 107.3 million euros, or $141.6 million at average exchange rates for the period. The label has also just opened a 3,500-square-foot flagship in Milan, and is set to open stores in China, Japan, India and Malaysia, alongside building on Hackett’s growth in the Middle East.
Henry Poole & Co, the Savile Row tailor, also received the Queen’s Award for Enterprise in International Trade. The firm said that 70 percent of its sales come from international trade and the label’s total sales grew 11 percent in 2011.