Hats off to Philip Treacy as profits soar to €319k

It’s hats off to Galway milliner, Philip Treacy as new accounts show that profits soared at his fashion firm last year to over €319,000.

The Galway-born designer has achieved worldwide recognition for his hat designs and has a client base that includes Lady Gaga, Madonna, Beyonce, David and Victoria Beckham, and Grace Jones.

Latest accounts filed by Treacy’s London-based Philip Treacy Ltd show that the firm recorded a post tax profit of £238,604 (€319,029) in the 12 months to the end of June 30 last (2014).