Belfast Telegraph

Bad news for Irish arm of fashion chain

By John Mulligan

TOMMY Hilfiger's Irish arm wrote off €153,000 (£132,000) following the collapse of House of Fraser for goods it won't get paid for.

But the US fashion chain said its business in Ireland remained stable in the 12 months to the start of last February, despite challenges for the retail sector. It made a profit of just under €500,000 (£430,000) in the Republic.

The company opened its flagship Irish store on Dublin's Grafton Street in 2008. It has a number of outlets in Ireland, including stores in Cork, Galway and Athlone.

There is also a Tommy Hilfiger store in Belfast's Victoria Square Shopping Centre.

But the Irish business warned that it's "exposed to rising costs of real estate and business rates on the Irish high street". Sales in Ireland were flat for the period, at €23.9m (£20.6m).

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