It has since re-focused on simply providing branded products to retailers. The business said it has “substantially completed our transition” to focusing on brand management and design.
It also noted that the experience of administration in November helped the company weather the pandemic storm.
Around two-thirds of its partners’ stores have now reopened around the world.
It has also agreed to lease out some of its warehouse in Daventry to another company, and move into a smaller office, saving around £3.5 million on an annual basis.
Chairman Clive Whiley said: “Whilst we have not been immune to temporary store closures in almost all of our territories over the period, I am pleased that we are seeing the reopening of our partners’ stores.
“At the same time, we continue to take action to reduce our cost base and address legacy issues, helping with our return to being a profitable and sustainable business."
