Nikon: Profit cut in half amid falling demand February 14, 2025 Profit was cut in half at the European arm of Nikon amid falling demand in its healthcare business, it has been revealed. The division of the Japanese giant has reported a pre-tax profit of €13.5m (£11.2m) for the 12 months to 31 March, 2024, according to newly-filed accounts with Companies House. The latest figure comes [...]
Birkenstock predicts further UK sales success after latest surge February 12, 2025 Birkenstock has forecast its UK sales will take another huge step forward during its current financial year thanks to growing demand. The footwear brand has revealed its sales have so far been “above initial expectations” in its year which will finish at the end of September. The continued rise in its UK revenue has been [...]
The Spectator: RedbirdIMI sale forces magazine into the red for the first time since 2012 February 7, 2025 The Spectator crashed into the red for the first time in more than a decade after its initial sale to RedbirdIMI, it has been revealed. The magazine has posted a pre-tax loss of £6.8m for 2023, according to delayed accounts filed with Companies House after the sale cost it £6.4m. The loss came after the [...]
The Ritz: Losses continue at iconic London hotel February 7, 2025 London’s iconic Ritz hotel has now lost more than £75m since it last turned a profit, it has been revealed. The luxury London hotel has posted a pre-tax loss of £10m for 2023, accounts filed more than five months late with Companies House show. The latest figure comes after The Ritz posted a loss of [...]
LK Bennett: Luxury fashion brand loved by Princess of Wales slumps into the red February 5, 2025 LK Bennett, the luxury fashion brand loved by the likes of Catherine, Princess of Wales, has slumped into the red. The London-headquartered retailer has reported a pre-tax loss of £3.1m for the 12 months to 27 January, 2024, according to newly-filed accounts with Companies House. The loss comes after LK Bennett posted a pre-tax profit [...]
Jack Wills: Job cuts continue as fashion brand halves in size February 5, 2025 Profit has continued to fall at fashion brand Jack Wills, which is owned by Mike Ashley’s Frasers Group, as more jobs were cut and stores closed during its latest financial year. The company’s headcount reduced from 233 to 135 in the 12 months to 28 April, 2024, while it went from running 32 shops to [...]
Savile Row label Hackett hails international success as profit rockets February 4, 2025 International success has helped up-market Savile Row clothing label Hackett almost quadruple its profit during its latest financial year as sales surged. The London-headquartered chain has reported a pre-tax profit of £3.8m for the 12 months to 31 March, 2024, according to newly-filed accounts with Companies House. The figure comes after Hackett posted a pre-tax [...]
Dragons’ Den star Steven Bartlett quits Huel board February 4, 2025 Dragons’ Den star Steven Bartlett has stepped down as a director of nutrition brand Huel, it has been revealed. The celebrity entrepreneur, who has been a long-time investor in the company, had held the role since early 2021. However, a new filing with Companies House has confirmed the Diary of a CEO podcast host has [...]
Celebrity luxury spa group Champneys slips further into the red February 4, 2025 Celebrity luxury spa group Champneys slipped further into the red despite its turnover edging closer to a milestone, it has been revealed. The group, which has several sites across the country and was founded 100 years ago, has posted a pre-tax loss of £8.4m for the 12 months to 30 April, 2024. The figure has [...]
Freshfields: Revenue passes £2bn at Magic Circle law firm but profit cut February 3, 2025 Profit at Magic Circle law firm Freshfields was cut during its latest financial year despite its revenue passing £2bn for the first time. Freshfields has reported a pre-tax profit of £668.9m for the 12 months to 30 April, 2024, according to newly-filed accounts with Companies House. Profit before partners’ annuities increased from £497.8m to £675m. [...]