Brown Thomas profits rise by 11%

THE economic downturn will this year hit Brown Thomas, which yesterday reported an 11% rise in pre-exceptional pre-tax profits to about €27 million for 2007.

The company, which last year notched up exceptional profits of more than €54m from the sale of Awear said the deteriorating economy will result in weaker results this year.

Awear was the subject of a management buy out in May last year.