Fortnum and Mason defies recession with record sales

By DAILY MAIL REPORTER
Updated:

Luxury hampers and speciality teas have helped Fortnum & Mason, purveyor of upmarket nosh to the Queen, post record sales according to the latest accounts filed at Companies House.

The store, which opened in London's Piccadilly in 1707, said it was not affected by 'recessionary conditions'.

Sales for the year to July increased from £46m to £47m.

Fortnum and Mason

Rich bounty: Luxury food retailer Fortnum and Mason has posted record sales

It also narrowed its full-year loss from £8.2m to £5.6m after shutting a US distribution centre in Delaware.

Managing director Beverley Aspinall said: 'The focus will be on maximising sales and margins and keeping costs under tight controls.'

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