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Luxury Brand Hits £100m Milestone

Lusso has secured its position as the UK’s fastest growing luxury home brand after surpassing cumulative sales of £100million this week. Outperforming all expectations, this puts the brand well on track to achieve its target of increasing revenue by 45% in 2022.

The North East business has gone from strength to strength since it was set up in 2014 and has earned repeated listings within The Sunday Times Virgin Atlantic Fast Track 100, which ranks the UK’s fastest growing companies. Last year Lusso was also placed 23rd in The Sunday Times Profit Track 100 League, positioning it ahead of many household names such as Gymshark.

In tandem with its phenomenal financial growth, Lusso has expanded on its collections of bathroom fixtures and fittings to now also offer homeware and hardware, with the addition of luxury furniture, paint and lighting ranges planned later this year. Along with its new international online storefronts, Lusso’s ongoing success is in line with its strategic vision to become the world’s leading luxury single-brand department store, offering everything for the home all under the Lusso label.

Wayne Spriggs, Lusso Founder and CEO, says: “In Lusso’s first year, we achieved around £1m in sales, so to increase that by a hundred-fold in less than a decade of trading is absolutely incredible, and I couldn’t be prouder of the Lusso team. While our brand is evolving, our commitment to providing attainable luxury remains unchanged, and by delivering exemplary customer service, continuous product innovation, and unrivalled craftsmanship, we’re taking our business to the next level.”

Reaching £100million of overall sales since the business began is the latest in a string of achievements for Lusso. In the last few months alone, the company has been appointed by global megabrands including Harrods, Tiffany & Co and the LVMH Group, which is testament to the exceptional quality of its products and service. The brand is also scheduled to open the doors to its first luxury Mayfair showroom in 2022.