Profits at Massimo Dutti Irish stores fall sharply

Fashion giant Massimo Dutti confirmed it intends to open more Irish stores as soon as opportunities arise despite its pre-tax profits having plummeted by 98% to €14,000 last year.

New accounts show that Massimo Dutti Ireland Ltd sustained the drop in pre-tax profits and revenues, as one of its two Irish stores at the Dundrum Shopping Centre in Dublin was closed for a period for a major refit.

During 2015, the firm’s revenues declined by 4.5% from €8.15m to €7.78m.