Tea sales lead to record profits at Fortnum & Mason
London's high-end grocery store Fortnum & Mason reported record revenue and profits on the back of double-digit growth in tea sales and store expansion. Sales jumped by 14% to £74.4 million, while profits doubled to £3.8 million. The company said hamper sales had increased by 18% during the year and tea sales by 13%. The tea selection features many fine teas in signature caddies, especially prized by tourists. It also opened its second store, first in over 300 years, in London's St Pancras train station, and subsequently two more in Dubai and Heathrow airport. Fortnum just recently introduced the world's first tea grown in Scotland.