herald

Monday 11 December 2017

Dubliners can't get enough of Ann Summers

it seems the Fifty Shades effect might be rubbing off on Dubliners. Lingerie company Ann Summers' O'Connell St store (above) is one of the top two performing outlets in the 144-store group.

The UK firm had to overcome opposition from Dublin City Council 15 years ago to open up its O'Connell Street shop - and it now appears that it's paying off handsomely for the firm.

Accounts for the UK arm show that overall the business recorded revenues in excess of £100m (€136m) last year.

Still, profits slipped into the red amid problems at its party-plan business, which sells vibrators and other sex toys.

The privately-owned company reported a £3.9m loss in its last financial year, down from a profit of £2.4m a year. Chief executive Jacqueline Gold said the year was "challenging" thanks to online rival Lovehoney.

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