Berghaus: Loss widens after lower sales through JD Sports September 25, 2024 A fall in sales through JD Sports saw outdoor clothes brand Berghaus make a pre-tax loss for the sixth year in a row, it has been revealed. The Sunderland-headquartered business, which is owned by the Pentland Group, has reported a pre-tax loss of £9.1m for 2023, after also making a loss of £3m in 2022, [...]
Bulgari: ‘Stagnant UK economy and the lack of tourists’ force luxury brand into the red September 25, 2024 An uptick in the sale of high-end jewellery and watches failed to stop the UK arm of Bulgari falling into the red during its latest financial year. The London-headquartered division, which is part of the LVMH Group, said that while its overall turnover declined in 2023, it still expects the sale of jewellery and watches [...]
Prince Harry’s best-selling memoir Spare drives sales at book publishing giant September 25, 2024 The success of Prince Harry’s best-selling memoir Spare helped drive sales at book publishing giant Random House, it has been revealed. The business, which is part of the Penguin Random House group, saw its turnover jump by 13.2 per cent to £262.3m in 2023, helped also by the Board of Lunch series which focuses on [...]
Huawei: Chinese firm reduced to a shadow of former size as UK restrictions bite September 25, 2024 Turnover at the UK arm of Chinese telecommunications giant Huawei has been slashed by more than £1bn since 2019 as the impact of UK and US restrictions bite. The London-headquartered business has reported a turnover of £229.56m for 2023, down from the £359m it posted in 2022. The latest figure comes after Huawei’s turnover totalled [...]
UK success for Jack Dorsey’s payments giant Square September 24, 2024 Sales at the UK arm of payment services provider Square, which is led by Twitter founder Jack Dorsey, jumped by more than £20m during its latest financial year. The London-headquartered division has reported a turnover of £64.9m for 2023, up from the £43m it achieved in 2022, according to newly-filed accounts with Companies House. The [...]
Bubble tea seller Gong Cha falls into the red after Lunar New Year change September 24, 2024 Bubble tea seller Gong Cha fell into the red as its sales in Korea, the US and Australia all took a hit during its latest financial year. The London-headquartered business has reported a pre-tax loss of $12.4m (£9.2m) for 2023, according to newly-filed documents with Companies House. The loss comes after Gong Cha posted a [...]
Huggies, Andrex and Kleenex owner predicts return to profit despite losing £100m September 24, 2024 The European arm of Kimberly-Clark, which is behind brands such as Huggies, Andrex and Kleenex, has predicted a return to profit despite it slumping to a loss of €120.3m (£100.2m) in 2023. The division, which is headquartered in Surrey, posted the pre-tax loss after also being €26.7m (£22.2m) in the red during 2022. Kimberly-Clark also [...]
International expansion helps Charlotte Tilbury sales jump by £140m September 24, 2024 Sales at beauty brand Charlotte Tilbury jumped by almost £140m as it continued its global expansion during its tenth year in business, it has been revealed. The makeup, skincare and fragrance products retailer has reported a turnover of £448.5m for 2023, up from the £310.3m it achieved in 2022. Newly-filed accounts with Companies House also [...]
Represent: ‘Exceptional’ performance hailed by clothing brand as sales surge September 24, 2024 Clothing brand Represent has hailed its “exceptional” performance in 2023 which saw its sales jump by almost 70 per cent. The company, which is headquartered in Horwich, near Bolton, has posted a turnover of £80.8m for its latest financial year, up from the £48.4m it achieved in 2022. Newly-filed accounts with Companies House also show [...]
Pandora: UK sales reach new record as profit bounces back September 24, 2024 Sales at the UK arm of luxury jewellery brand Pandora jumped to a new record high as its pre-tax profit bounced back, it has been revealed. The London-headquartered division has reported a turnover of £448m for 2023, according to newly-filed accounts with Companies House. The total comes after the business posted a turnover of £438.3m [...]