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Christopher Kane sees sales and losses increase

By Don-Alvin Adegeest

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Business

London Fashion Week darling Christopher Kane saw both its sales surge and losses widen, according to the fashion house’s latest annual accounts.

It recorded a pre-tax loss of 4.5 million pounds for 2014, compared with a 2.7 million pound loss in the previous year, citing investment in the brand and integration into parent Kering’s business for the growing deficit.

Sales, however, rocketed 32 percent to over 9 million pounds.

Kane directors said that they were "encouraged" by the increase in sales and planned to expand into providing accessories with its womenswear, menswear, footwear and handbag collections.

"The company has continued its global expansion in key markets, Europe, the US and the Far East, with the aim of further developing strong partnerships in these key regions," they said.

Kering took a majority stake in the business in in 2013.

Christopher Kane