This retailer has increased its stores from 3 to 40 in five years, mostly in north England and the Midlands, targeting the upper end of the high-street fashion market. In April last year, founder Andrew Scott and managing director Damian Scarlett led a £30m management buyout backed by Phoenix Equity Partners. The Cheshire company is expanding into other regions, including Scotland and northeast England. Despite launching its higher-margin own-label range, Bank’s core business remains selling brands such as Bench and Henleys. Sales have grown 65% a year from £6.7m in 2002 to an annualised £30.2m in 2005.
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