Partly Cloudy

Partly Cloudy

max temp: 11°C

min temp: 5°C


Retail: Ryman and Robert Dyas deliver increased profits for Dragons’ Den star Theo Paphitis

13:01 03 January 2014

Businessman and retail tycoon Theo Paphitis.

Businessman and retail tycoon Theo Paphitis.

Stationery chain Ryman today became the latest retailer to toast a robust Christmas trading performance as it announced like-for-like sales up 1.7% over the festive period.


The 237-store group is owned by former Dragons’ Den entrepreneur Theo Paphitis, who also hailed improved revenues for his Robert Dyas general store business and the Boux Avenue lingerie brand.

Robert Dyas, which has 96 outlets, grew sales by 5.2% over the period from November 1 to December 24. Boux Avenue - launched by Mr Paphitis in April 2011 and has 21 UK stores and four overseas - increased revenues by 20.2%.

The group said customers responded well to the product offers from all three brands, avoiding the need for discounting and resulting in improved profit margins.

Mr Paphitis said: “Growth was delivered in all three businesses both online and in store. This shows that despite the challenges faced by many high streets across the UK, customers continue to respond to the right product, service experience and a convenience offering, where relevant.”

Annual figures for the year ended in March 2013 were also disclosed, showing Ryman’s earnings held largely flat at £7.1million against £7m a year earlier after increasing like-for-like sales by 0.9%.

Robert Dyas, bought by Mr Paphitis in July 2012, saw like-for-like sales rise 11.2%, with operating profits leaping to £4.9m from £1.1m.

Boux Avenue posted a 60% hike in like-for-like sales, with annual turnover of £18.2 million and an operating loss of £7.1m, in line with expectations for the fledgling business.

The group has recently signed a franchise agreement for the brand to open 29 stores across the Middle East in the next five years while there are also plans to open another 31 sites in two additional markets.



  • So Ipswich Star was given a press release on something not relevant to Ipswich, Suffolk or the East of England; and a person thats not even a current TV personality... and published it?! Rymans the flagship company only saw a 1.7% increase? Thats hardly an increase...

    Report this comment

    Ipswich Entrepreneur

    Friday, January 3, 2014

  • Theo Paphitis left Dragons Den last series. Another incorrect story my the "Ipswich star"

    Report this comment

    Ipswich Man

    Friday, January 3, 2014

The views expressed in the above comments do not necessarily reflect the views of this site

Felixstowe mayor Doreen Savage switches on the lights helped by Elise Gorski, Peggy Osborne, and Ash and Lila Tadjrishi.

It’s a problem faced by millions of families across the country every year.

Domestic violence reports increase

Domestic violence reports soared by 12% in Suffolk last year with more than 2,000 recorded incidents involving male victims, police have said.

The close-knit Smith family in 2006: Matt, Wendy, Nikki and Barry

It can be upsetting and lonely having a child with a disability, but Wendy Smith would rather shout about the many positives. Steven Russell hears how love and kindness trumps any anger and bitterness

Woman conned by bogus caller (Stock photo)

A Hadleigh woman who lost £2,500 in a police scam has warned others to be alert to the crime.

Members of the nursing team at Ipswich Hospital.

Carers and visitors of people being looked after at Ipswich Hospital will next month be able to spend more time with patients as new extended visiting hours are introduced.

She was last seen in the area of Downside Close in Ipswich.

A woman reported missing to police on Saturday has been found safe and well following a public appeal.

Part of Sue Brooks' photograph of pupils and staff at Fonnereau House School, Ipswich, in 1952. Are you in the picture?

I recently asked readers if they had memories of Fonnereau House School, Ipswich, which was in Fonnereau Road, close to High Street.

Essex police are investigating a robbery at Jaywick.

An 88-year-old Essex man suffered a broken hip when he was knocked to the ground by robbers who burst into his Jaywick home.

Doors reopen on the new look East of England Co-op Daily store in Woodbridge Thoroughfare. Staff members, left to right, Chloe Williams, James Buckles, Shirley Pierce.

Shoppers were greeted by the sight of a new-look Co-op on their high street yesterday, when a Suffolk branch of the store reopened following three weeks of refurbishment.

HGV drink-driver in court

A lorry driver carrying a trailer full of wine has admitted dangerous driving when weaving between lanes on the A14 while three times over the drink-drive limit.

Most read

Most commented

Topic pages

Local business directory

Suffolk's trusted business finder

Property search

e.g. Oxford or NW3
Powered by Zoopla

Digital Edition

Read the Ipswich Star e-edition today E-edition

Great British Life

Great British Life
MyDate24 MyPhotos24