Top Track 250

Despite the pandemic, this fashion firm opened a store in downtown Los Angeles at the end of July, but has reported a decrease in sales. Chairman Sir Paul Smith, 74, co-founded the company in 1971, after his ambition to become a professional racing cyclist was thwarted by a serious accident. The business operates stores in countries including Japan, France, the UK and South Africa, and it also generates revenue through e-commerce, wholesale and licensing. Licensee Itochu Corporation, of Japan, owns a minority stake. Sales rose to £214.9m in 2019.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2020
Rank95
CompanyPaul Smith
ActivityFashion retailer and designer
LocationNottingham
Sales £m214.9
Operating profit £m6.7
Main shareholdersPaul Smith & trust (66%), Itochu Corporation (34%)
Staff1,198
Founded1971
Websitewww.paulsmith.co.uk

If applicable:

* supplied by company   † annualised figure   ‡  profit = ebitda