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Salter

  • Ultimate Products: Russell Hobbs seller hit by overstocking woes

    Retail

    Consumer goods giant Ultimate Products, which owns Britain’s oldest homeware brand Salter and sells certain Russell Hobbs items under license, has seen its profit dip after supermarket overstocking issues. The London-listed group, which is headquartered in Oldham, reported an adjusted pre-tax profit of £14.5m in the 12 months ending July 30, 2024, down from £16.8m [...]

    Ultimate said these reduced figures were in line with its expectations and had been driven by a "significant increase in shipping rates" following attacks on vessels in the Red Sea area.

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