TOWIE star Tommy Mallet’s shoe and fashion firm raked in more than £22.3 million after a bumper year which saw sales nearly double.
The sales were up by £10 million on the previous year and it meant that Tommy, 27, and his co-owner Evren Ozkarakasli could share a £2.5 million dividend payout up from £1.2 million the year before.
As a child Tommy said he could not afford trainers but this year his company made a profit before tax of almost £7 million.
With cash and reserves from previous years, his business was left with £9 million – a rise of £3 million, up from £6 million the year before.
The Towie celebrity’s trainers are stocked in major stores around the world and his business acumen looks set to rival fellow Towie star Mark Wright.
In an interview last year he revealed the business was set to become a major international player.
More on Tommy Mallet
Towie’s Tommy Mallet shows off incredible body transformation after dropping 10kg
Dani Dyer shares snap of son Santiago with Georgia Kousoulou’s little boy Brody
He said: “Over the last 12 months, just five years after my friend and business partner Evren Ozkarakasli and I founded Mallet London, the brand was in a position to be able to look at US expansion seriously.”
The brand is already stocked at more than 145 stockists throughout the UK, Europe, Dubai and South Africa, including – Harrods, Selfridges, Browns and Harvey Nichols Dubai.
In an interview two years ago he said: "When I was younger I never had enough money to buy a pair of trainers that I genuinely liked because they were all so expensive, so I put pen to paper and decided to design something similar.
"We went from having a £50k turnover at the end of our first year to having a turnover of around £2.5 million towards the end of our second year.”
Most read in TV
Love Island hit by almost 800 Ofcom complaints in one month from furious fans
Casa Amor girl Cheyanne’s 8 week body transformation before Love Island villa
Casa Amor’s Coco looks unrecognisable before Love Island villa
Love Island fans beg producers to step in as Casa Amor girls ‘gang up’ on lad
Tommy also claimed that his reputation as a reality star doesn't bother him.
He said: "I've worked hard and become successful, wherever I'm from and whatever the perception is.
"I'd advise anyone who wants to do the same to find something you believe in and don't stop until you get it there.”
Source: Read Full Article