Karen Millen Irish losses down 66% in difficult year

The Irish arm of fashion retailer, Karen Millen narrowed its losses sharply last year to €100,000 as it emerged from examinership.

New figures show Karen Millen Ireland Ltd reduced its pre-tax losses by 66% — from €300,000 to €100,000 — as revenues dipped from €6.4m to €6.3m in the 12 months to the end of February of last year.

Sales at the firm have tumbled over the past number of years from the €10.8m enjoyed in fiscal 2011.