11th Oct 2007 07:00
Theo Fennell PLC11 October 2007 11 October 2007 THEO FENNELL PLC ("Theo Fennell" or "the Company") TRADING UPDATE Theo Fennell Plc is today announcing a trading update for the six months ended30 September 2007. The Company continues to experience strong trading conditions with sales up 20%on the previous year, increasing turnover to over £12million for the first half.This growth has been achieved through focusing on innovative design, productlaunches, domestic and international expansion and increased marketing.Overseas activity includes: new presences in Kazakhstan and Bahrain and a uniqueboutique in the newly opened Room of Wonder in Selfridges. Last week Theo Fennell hosted a major exhibition of its jewellery 'Show Off' byarrangement with the Royal Academy of Arts, at 6 Burlington Gardens whichreceived critical acclaim and was attended by international media andcelebrities. The Company also announces that Barbara Snoad, its Managing Director, who hasbeen with the Company since September 2001, will be leaving on 31 December 2007to pursue new challenges. The Board would like to thank her for hercontribution. Theo Fennell has appointed head-hunters to recruit a Chief Executive to takeTheo Fennell to its next stage of development both at home and internationally. Richard Northcott, Chairman commented: "I am delighted with the performance of the business for the first half of theyear. I would like to thank Barbara for her immense contribution over the last sixyears leaving the Company in a strong position. We are well placed to moveforward and I anticipate announcing the appointment of a new Chief Executiveshortly." - Ends - Enquiries:Theo Fennell Plc Tel: 020 7591 5000Richard Northcott Pelham PR Tel: 020 7743 6678James Henderson / Kate Catchpole Seymour Pierce Limited Tel: 020 7107 8000Mark Percy This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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