BGF: Profit almost doubles at major UK investor Investing Profit at the Business Growth Fund (BGF) has almost doubled thanks to a series of successful exits in 2024, it has been revealed. The organisation, which is one of the UK’s most prominent equity investors, has reported a pre-tax profit of £131.1m for its latest financial year, up from the £67.9m it achieved in 2023. [...]
Seasalt: Cornish clothing brand bucks retail gloom over festive season Retail Cornish retailer Seasalt has defied the despondent British high street and reported a significant uptick in sales over the Christmas season despite significant cost pressures. Total sales across online, stores, and marketplace partners like M&S increased by 10 per cent compared to last year in the last five weeks of the year, with every channel [...]
Seasalt set for American adventure after profit spike Fashion brand Seasalt has set its sights on cracking the US as it prepares to open 20 stores across the Atlantic over the next three years. The Cornwall-headquartered business, which is backed by BGF, is preparing to make a “longstanding ambition become reality” in the wake of its pre-tax profit surging during its latest financial [...]
Seasalt: Delayed results reveal sales success but profits under pressure May 8, 2024 Sales surged past the £100m mark at fashion brand Seasalt but profits were slashed, according to heavily delayed accounts.