Share |

Royal touch boosts sales at family business

The Duchess of Cambridge, best known as Kate Middleton, is gaining quite a reputation as a fashionista, donning Alexander McQueen on her wedding day and Catherine Walker on a royal tour of Canada last year. Now her seal of approval appears to have boosted one family business’s fortunes.
Kate Middleton boosts sales at family business

The Duchess of Cambridge, best known as Kate Middleton, is gaining quite a reputation as a fashionista, donning Alexander McQueen on her wedding day and Catherine Walker on a royal tour of Canada last year. But it’s not always high-end designers that the 29-year-old favours – she’s also been spotted shopping in high street favourites Topshop and Zara too.

Now her seal of approval appears to have boosted one family business’s fortunes. London-based Reiss, the brand behind the white £159 (€191) dress the duchess wore for her official engagement photograph taken in November 2010, saw its sales jump from £77.7 million to £87.6 million in the year to 31 January 2011. Operating profits almost doubled, from £4.3 million to £8.5 million.

The young royal’s midas touch could also boost the family-controlled company’s fortunes in fiscal 2012 – the duchess, who turns 30 on 9 January, has gone on to wear Reiss items at a number of high-profile events, including meeting Michelle Obama at Buckingham Palace, since her April wedding to Prince William.

Reiss is run by David Reiss, who took over his father’s East End gentleman’s outfitters in the 1970s. The company branched into womenswear in 2000 and now has over 100 shops or concessions across 14 countries.

But the future of the British company isn’t so certain, according to reports. The Daily Telegraph claims none of Reiss’s three children have shown an interest in taking over the business, resulting in suggestions he might sell in the future. When contacted about this, the clothing company did not respond.  

Comments

Here's another family enterprise that helped Kate become the fashion person to be watched:

http://www.mydaily.co.uk/2011/02/28/kate-middleton-style-boots/

And while we may not all have a Prince for a fiancé, we can at least have the footwear that the royal-to-be favours.
When Middleton returned to St. Andrews last week for the university's 600th-year celebrations, she donned a red skirt suit and black suede boots. People StyleWatch reports that the calf-high black suede boots are by Aquatalia by Marvin K, available exclusively at Russell & Bromley in the UK. For her trip to her alma mater, Kate sported the 'Hi & Dry' black suede stretch boots.
Middleton also wore a pair of Aquatalia shoes as she attended her first royal engagement in North Wales. For the occasion she sported the 'Ruby Dry' style, a heeled bootie in espresso suede.

submitted by Aron Pervin

Click here >>
Close