Wren Kitchens: Profit almost wiped out as 500 jobs lost Retail Profit at the owner of Wren Kitchens has almost been wiped out as it shed more than 500 jobs during its latest financial year. The West Retail Group, which is headquartered in Yorkshire, has posted a pre-tax profit of £1m for 2024, new accounts filed with Companies House show. The total comes after the business made [...]
Magnet: Hundreds of jobs lost as kitchen maker closes more stores Business More than 300 jobs have been lost at the company behind kitchen maker Magnet as it continues its fight to return to profit. Nobia Holdings UK has been attempting to turn itself around since 2019 when it last made a pre-tax profit. Since then its transformation plan has seen hundreds of jobs lost and stores across [...]
Magnet: Kitchen maker bets on premium as huge losses continue Retail 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 [...]
Wren Kitchens owner sheds 1,000 jobs as profit slumps after Ebuyer sale October 14, 2024 Profit at the group behind Wren Kitchens slumped to its lowest level since 2017 as its sales fell back from a record high and it shed 1,000 jobs. The West Retail Group, which is headquartered in Yorkshire, has reported a pre-tax profit of £35.1m for 2023, according to newly-filed accounts with Companies House. The total [...]
Quooker: UK sales kept on the boil at hot water tap brand September 18, 2024 The UK arm of instant hot water tap brand Quooker has hailed “heightened market acceptance” for its continued rise in its sales. The Manchester-headquartered division has posted a turnover of £80.6m for 2023, up from the £72.4m it achieved in 2022. According to newly-filed accounts with Companies House, the firm’s pre-tax profit also nudged up [...]
Omega: Kitchen maker says slip into the red was ‘outside its control’ July 11, 2024 British kitchen maker Omega has slipped into the red following a year marred by challenges "outside the company's control", according to newly-filed documents.
Challenging macro backdrop weighs on kitchen giant Howden’s first quarter numbers April 30, 2024 "We have made an encouraging start to the year with trading in line with our expectations. We are also continuing to make good progress in implementing our strategic initiatives which drive profitable growth,” Howdens Chief Executive Andrew Livingston said.