Thursday 27 July 2017

Rocha puts on style in New York as she opens first US store

A model wears a creation by designer Simone Rocha, left, during the 2017 Spring/Summer catwalk show at London Fashion Week. Photo: AFP
A model wears a creation by designer Simone Rocha, left, during the 2017 Spring/Summer catwalk show at London Fashion Week. Photo: AFP
Samantha McCaughren

Samantha McCaughren

Irish fashion designer Simone Rocha has opened a news store in New York, her second stand-alone shop.

The acclaimed designer, who is the daughter of Hong Kong born, Irish-based designer John Rocha, opened her London flagship store on the exclusive shopping thoroughfare Mount Street, in 2015.

The young designer has a strong following in the US and it is now her second-largest market after Europe.

"America is a real growing business for us now," Rocha told online publication Business of Fashion. "And because Mount Street is profitable, that allowed us to have the funds to open Wooster Street [in New York]."

Rocha also has plans to open a shop in Hong Kong, but said she would not overextend the business.

She said her business had grown by about 20pc annually in recent years and had earned about $3m in accumulated profit since launch.

According to new accounts for her company SR Studio, the company's retained profits of £536,000 (€630,000) in the 12 months to February 2016.

Rocha owns the business outright and works closely with financial director Donal Bolger. The company now employs close to 30 people.

The designer drew attention to potential headwinds as a result of issues such as Brexit.

She said that Britain's exit from the Euro would have an impact on her manufacturers in the UK, Portugal and Italy.

"It's very concerning what the future will hold," she said.

Sunday Indo Business

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