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 Business 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 Business 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.