4:20 AM 17th November 2021
Doncaster-based Bathroom Retailer Victoria Plum Targets Further Growth
New launch-Victoria Plum reveals first kitchen range as part of ongoing growth strategy
Doncaster-headquartered online bathroom retailer Victoria Plum has launched its first kitchen products range as part of the business’s ongoing ambitious growth strategy.
The company has initially introduced seven kitchen cabinet ranges and a variety of kitchen products. These include worktops, tiles, flooring, lighting, Rangemaster sinks and Bristan and Schön taps.
The announcement follows record financial performance by Victoria Plum. For the year ended 28 February 2021, the company achieved a 46% increase in sales to £103m whilst EBITDA grew 115% to £4.5m.
Speaking about the launch of the business’s kitchen range, Victoria Plum’s chief executive, Paul McClenaghan, said:
“We have an ambitious growth strategy, high performing teams throughout our business and a clear objective of accelerating our rate of expansion.
“This led us to investigate the kitchens marketplace in detail. What we discovered was a distinct opportunity to leverage our supply chain, internal skill set and ecommerce capabilities to successfully enter this segment of the home improvement market.
“Our kitchen products are selling well, and we intend to expand our offer by increasing both our range and our marketing activity.
“We are creating a sustainable, complementary kitchens offer which will build further equity in the Victoria Plum brand and deliver even greater commercial momentum for the business.”
Victoria Plum, which also has offices in Hessle, was founded 20 years ago and was acquired by Leeds-based private equity fund Endless in October 2019.