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<\/div>\nMamas & 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.<\/p>\n
The business currently has 33 \u201cstores-within-stores\u201d in both M&S and Next, according to This is Money.<\/p>\n
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.<\/p>\n
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\u2019s\u00a0launch in Australia.<\/p>\n
Speaking to The Mail on Sunday, CEO Nathan Williams said: \u201cWe\u2019re very much on track for a record-breaking year. We\u2019ve had a phenomenal golden quarter of peak trade.\u201d<\/p>\n
Subscribe to Retail Gazette for free<\/strong><\/h5>\nSign up\u00a0here\u00a0to g<\/span>et the latest news straight into your inbox each morning<\/span>\u00a0<\/span><\/strong><\/p>\nThe 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%.<\/p>\n
Williams noted \u201cgrowth has come from all our channels\u201d as its UK sales are divided almost equally between its own stores, concessions and online, according to This is Money.<\/p>\n
The company also reported a record Black Friday, which saw year-on-year sales increase 18% over the three-week period.<\/p>\n
Although he downplayed speculation Mamas & Papas parent company Bluegem may seek to sell the business, insisting that market conditions were \u201cnot that conducive\u201d.<\/p>\n
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%.<\/p>\n
Williams noted \u201cgrowth has come from all our channels\u201d as its UK sales are divided almost equally between its own stores, concessions and online, according to This is Money.<\/p>\n
The company also reported a record Black Friday, which saw year-on-year sales increase 18% over the three-week period.<\/p>\n
Although he downplayed speculation Mamas & Papas parent company Bluegem may seek to sell the business, insisting that market conditions were \u201cnot that conducive\u201d.<\/p>\n