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Karen Millen plans China openings

British womenswear retailer Karen Millen will pursue an expansion plan that will see it open more stores in countries including China.

It says it will ramp up its presence in China and the US with 40 new stores to open by 2014, a plan that would see its network grow to 400 by then.

Karen Millen hopes the new openings will help it bounce back from a recent dip in earnings. The retailer says EBITDA decreased from £15 million last year to £13.5 million this year.

Sales from international business now account for 65 per cent of the company’s turnover.

Karen Millen, with stores in 58 countries, was a spun out of Aurora Fashions to become an independent company in March 2011.

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