LONDON — Liberty, the London department store, said sales in the four months to April 30 rose 40.5 percent to 26 million pounds, or $41.6 million, from 18.5 million pounds, or $29.6 million, in the corresponding period last year.
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All figures have been converted at average exchange rates for the period.
The fabrics division, the London flagship and the online business were chief growth drivers, the retailer said Wednesday.
Chief executive Geoffroy de la Bourdonnaye said the store saw its fabric business in Japan, which is handled through a wholly owned subsidiary, double. He added that sales at the London flagship rose 25 percent year-on-year, and that the online business, which launched in 2008, almost trebled.
“We are continuing well on all fronts. Women’s wear at the store is picking up strongly, and traffic is growing,” he said.
The store has signed a license with the Italian company Slowear Group to produce a full Liberty of London men’s wear line, and is currently looking for a partner to produce a similarly branded women’s line.
Liberty’s owners MWB are in talks to sell the store to BlueGem Capital Partners LLP. Liberty said an offer, if made, would result in total payments to Liberty shareholders of 42 million pounds, or $62.6 million, at current exchange.