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. [...]
Magnet: Kitchen maker bets on premium as huge losses continue February 3, 2025 The group behind kitchen maker Magnet is hoping expanding into the premium market will help it return to profit after falling to another huge loss and cutting hundreds of jobs. Nobia Holdings UK, the company behind the brand, has set about restructuring itself in recent years after not making a pre-tax profit since 2019. But [...]
AllBright: London’s women-only members’ club rescued February 3, 2025 A deal to buy the assets of AllBright, the women-only members’ club in London, out of administration has been announced. A Cain International company has acquired the assets after the networking and events business entered administration last week. The deal has been agreed for an undisclosed sum but the fee is expected to be revealed [...]
Profit boost for Dragons’ Den star Peter Jones ahead of DHL deal February 3, 2025 A company which was sold by Dragons’ Den star Peter Jones to DHL at the end of 2024 returned to the black before the deal was signed, it has been revealed. Brandpath Group, which was part of the PJ Investment Group, provides e-commerce businesses with global fulfilment services and works with the likes such as Google. [...]
Emma Bridgewater: Jobs cut as UK’s ‘queen of pottery’ sinks further into the red January 31, 2025 The pottery brand founded by eponymous designer Emma Bridgewater cut jobs as it sank further into the red during its latest financial year. The business, which is based in Stoke-on-Trent and backed by BGF, has posted a pre-tax loss of £4.4m for the 12 months to 27 April, 2024. The loss comes after the company also [...]