Fashion retailer breaks even after negotiating leasing deals

The Irish arm of fashion retailer Karen Millen said yesterday it is has negotiated slightly improved lease terms on some outlets.

Accounts filed with the companies office show that Karen Millen Ireland Ltd broke even in the 53 weeks to Mar 2, 2013, following a €1m loss in 2012.

The firm recorded a break even performance in spite of revenues falling 15%, from €8.8m to €7.5m.