Mamas & Papas is set to launch up to ten further concessions in Marks and Spencer and Next stores this year, as it pushes forward with its expansion plans.
The business currently has 33 “stores-within-stores” in both M&S and Next, according to This is Money.
The push into physical stores marks a revival for the specialist retailer, which has undergone various restructurings such as job cuts and store closures since being purchased by Bluegem in 2014.
It also plans to expand across Indonesia, Thailand and Spain, with the business set to open open its first stores in Thailand and Indonesia in March, following last year’s launch in Australia.
Speaking to The Mail on Sunday, CEO Nathan Williams said: “We’re very much on track for a record-breaking year. We’ve had a phenomenal golden quarter of peak trade.”
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The news comes as the group recently reported its underlying profits rose 50% during the 13 weeks to 31st December, while its underlying sales increased 7%.
Williams noted “growth has come from all our channels” as its UK sales are divided almost equally between its own stores, concessions and online, according to This is Money.
The company also reported a record Black Friday, which saw year-on-year sales increase 18% over the three-week period.
Although he downplayed speculation Mamas & Papas parent company Bluegem may seek to sell the business, insisting that market conditions were “not that conducive”.
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