Paul Smith has posted an increase in both annual revenues and also pre-tax profits following investment into new stores and its e-commerce offering.

The brand opened stores in Manchester and Berlin, as well as four stores in Hong Kong and one in Luxembourg which was previously operated by franchise partners.

These store openings helped the company achieve a 12% increase in retail sales.

Its ecommerce site also performed well, up 26% on the previous year.

Since year end, Paul Smith has opened new stores in Copenhagen, Denmark and Kings Cross, London, with further openings planned in Munich, Germany and California, US this year.