A Romsey-based equestrian brand is celebrating business success after posting record profits of more than £9million.
LeMieux, has almost doubled sales within the past two years and generated a turnover of £42.9m for the financial year ending April 2023, a 16% increase from 2022.
The brand grew international sales by over 50%, with exports now accounting for 40% of total sales, adding to the continued growth in the UK.
The business reported pre-tax profit of more than £9m and since private equity investor LDC invested in 2021, turnover has increased by more than £20m and headcount has more than doubled, with the business now employing over more than people.
As part of this growth, LeMieux broadened its product range, branching into toys, leisurewear, casual clothing, and outdoor footwear.
LeMieux’s products are now sold through over 500 traditional and online retailers in over 90 countries, including in John Lewis and Selfridges.
LeMieux was founded in 2006 by husband-and-wife Lisa and Robert Lemieux – a former professional event rider, British National Champion, and Olympian – with managing director, Dan Mahoney joining the team last year.
The business sponsors some of the best riders in the world, including Team GBR riders Charlotte Dujardin and Lottie Fry.
Dan Mahoney, Managing Director at LeMieux, said: “There is an exciting and growing demand for our products, with our UK success starting to be replicated by global customers. Many of our customers have been inspired by our support of Team GBR Riders, highlighting the high quality of our craftmanship and goods.
"We now offer one of the broadest and most specialist branded product ranges in the equestrian market - it’s been amazing to see the growth of our core saddle pad range – this just goes to show the appeal that quality equestrian products have on a global scale.”
Joe Tager, Investment Director at LDC, added: “LeMieux really is a British global success story. Lisa and Robert’s abilities to truly understand and then create products that fulfil the highest demands of passionate equestrians in both the UK and overseas shone through from the first time we met them.
"Since we partnered with LeMieux in March 2021, we have supported them in building the infrastructure to meet the ever-growing global demands for their products."
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