Pamela Scott targeting return to profit by 2018

The family behind Irish retail fashion chain Pamela Scott ploughed €2.5m in loans into the business last year and has targeted a return to profit in 2018.

The ladies fashion retailer is celebrating 40 years in business this year. It is owned by the Barron family, via its Flairline Fashions operating vehicle.

Latest accounts show the business recorded a pre-tax loss of €856,557 in the 12 months to the end of August 2015. Revenues dropped 5.5%, or €1.2m, to €21.2m.