Hamleys: World’s oldest toy store closes 40 loss-making shops as sales fall August 27, 2024 Toy retailer Hamleys is hoping a new digital strategy will help turn around its falling sales after closing 40 loss-making stores last year. The brand’s holding company has reported a revenue of £51.4m for 2023, according to newly-filed accounts with Companies House, down from the £56.6m it posted for 2022. Over the same period, its [...]
Heineken’s biggest-ever price rises fail to stop slash in UK profit August 27, 2024 Heineken’s biggest-ever price rises in the UK failed to stop its profit being slashed during its latest financial year as it battled “economic volatility”. The Edinburgh-based division raised its prices in 2023 as it faced “significant inflationary pressure on input costs”, reducing consumer spending, higher labour costs and rising energy bills. According to newly-filed results, [...]
Ted Baker seller in the red as jobs cut and stores closed amid focus switch to Suit Direct August 23, 2024 A group which sells Ted Baker clothes across the UK slumped into the red as it significantly restructured itself to focus on its Suit Direct brand. As part of the move, Baird Group disposed of its license to sell Ben Sherman clothes, closed unprofitable stores, cut more than 100 jobs and appointed a new chief [...]
‘The law should change’: Brewdog under fire from top tax lawyer over late accounts August 23, 2024 Brewdog’s failure to publish its accounts on time shows that tougher penalties are needed to stop firms from flouting the rules, according to top tax lawyer Dan Neidle.
Harry Potter maker’s TV arm surges back into the black as turnover triples August 22, 2024 The television division of the production company behind the likes of the Harry Potter film franchise, the Paddington movies and box office smash Barbie surged back into the black in 2023. Heyday Television has reported a pre-tax profit of £281,000 for its latest financial year after having posted a pre-tax loss of £752,000 in 2022. [...]
Subaru sales accelerate as UK demand outstrips supply August 22, 2024 Sales at the UK company that imports Subaru cars surged by more than 40 per cent during its latest financial year despite demand outstripping supply. Subaru UK has reported a turnover of £75.9m for 2023, according to newly-filed accounts with Companies House. The total comes after the business posted a turnover of £48m for the [...]
Fred Perry issues bumper pay day as sales pass milestone August 22, 2024 British sporting and fashion brand Fred Perry has paid out a bumper dividend after its sales jumped past the £150m mark during its latest financial year. Founded by Wimbledon champion Fred Perry in 1952, the company has issued £90m in dividends for 2023 after its turnover totalled £154.1m for the year. The figure comes after [...]
Downton Abbey maker Carnival Films scraps dividend as earnings dip ahead of third film August 22, 2024 Earnings at the production company behind TV hits such as Downton Abbey dipped in 2023 after the income it generates from its back catalogue fell, it has been revealed. Carnival Films has reported a turnover of £43m for its latest financial year, according to newly-filed accounts with Companies House. The figure comes after the business [...]
Jamie Oliver serves up sales success after flagship London restaurant opens August 22, 2024 Jamie Oliver’s new flagship London restaurant and the continuing popularity of his recipe books helped boost the turnover of the celebrity chef’s group during its latest financial year. The group has reported a turnover of £27m for 2023 after posting a total of £23.6m for 2022, according to newly-filed accounts with Companies House. Its sales [...]
Tourists’ return boosts sales at Italian luxury fashion house Zegna August 21, 2024 Sales at the UK arm of Italian luxury fashion house Zegna jumped by almost a quarter in 2023 thanks to the return of tourists following the Covid-19 pandemic. The division has reported a turnover of £30.7m for the 12 months, up from the £24.8m it posted for 2022. Newly-filed accounts with Companies House also show [...]