Archies Footwear, which makes stylish thongs with arch supports that it sells in 3000 outlets worldwide, is delivering 100 per cent sales growth year-on-year and has spurned private equity overtures to chart new expansion plans over the next two years.
Founder and chief executive Daniel Jones said supply chain logjams and a sharp rise in shipping costs have caused some temporary headaches, but the group is on course for another 100 per cent rise in sales in financial 2022.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
