Michael Kors profits on the up

The move by luxury US brand Michael Kors to open up its first Irish standalone store has paid dividends with pre-tax profits more than doubling last year.

The brand established its only standalone store here in Dundrum in October 2013 and during its first full year of trading to the end of March this year, the firm increased its pre-tax profits by 109% from €66,753 to €139,950.

This followed revenues more than doubling at the firm going from €1.6m to €3.3m.