Tory Burch (UK) Limited’s latest set of accounts is in and the company said its sales rose but some key profit measures fell in what was a 53-week period this time.

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The 12 months to 4 January saw sales rising 4.97% at the subsidiary that includes both the UK and German operations of the American luxury label. A year earlier they’d risen over 16%.

This time, they reached £29.86 million, up from £28.44 million a year earlier, but the cost of sales also increased to almost £12.9 million, up from £9.4 million.

Gross profit at the business was £16.96 million, down from £19 million a year earlier, although operating profit increased to £3.75 million from £2.5 million. Profit before tax was £4.38 million, up from £2.8 million, although the company paid more tax this time and

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