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Harry Winston fiscal year sales +18% to $226M, operating earnings -80%

March 30, 2007

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Aber Diamond Corp., parent company of Harry Winston, reported a rise in the luxury retailer's fourth quarter sales, 15.6 percent to $73.3 million. Fiscal year sales also rose, 18.3 percent to $226.2 million.

Harry Winston's successful sales were the result of marketing efforts that focused on the product mix and exclusivity of the luxury brand. Aber President and Harry Winston Chief Executive Officer Thomas O'Neil is happy about the results and expects new designs, marketing and expansion efforts will help the company continue to reach its growth targets.
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