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11 Oct

Selfridges Sees 2022 Revenue Climb, Losses Narrow in Yr

by Beautifaire101
Beauty, Featured
Selfridges Sees 2022 Revenue Climb, Losses Narrow in Yr
LONDON – Despite Omicron, supply-chain woes, and Russia’s war in Ukraine, revenues at Selfridges‘ 4 U.K. stores jumped 29 percent to 843.7 million kilos within the fiscal 12 months ended Jan. 28, 2023, while pre-tax losses narrowed. Based on probably the most recent filings on Corporations House, the official registry of U.K. businesses, shoppers flooded back into Selfridges’ stores, particularly the flagship on Oxford Street in London and the unit at Royal Exchange, Manchester, once the Omicron strain of COVID-19 receded and lockdown restrictions eased. The uptick in sales helped contribute to the reduction in pre-tax losses to 37.9 million kilos from 121.5 million kilos within the previous period. Much of the corporate’s cost base is resulting from property, and Selfridges said...
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18 Apr

THG Losses Widen in Fiscal 2022 as Apollo Global

by Beautifaire101
Beauty, Featured
THG Losses Widen in Fiscal 2022 as Apollo Global
LONDON – Shares in online beauty retailer THG, formerly referred to as The Hut Group, were down greater than 16 percent on Tuesday after the corporate saw losses widen to 540 million kilos in fiscal 2022 resulting from inflationary pressures and write-downs. The shares dipped to 0.81 kilos in late morning trading after rallying on Monday following THG’s confirmation that personal equity firm Apollo Global Management Inc. had made a preliminary bid. THG described Apollo’s bid to amass all the issued share capital of THG as “highly preliminary” and non-binding Apollo must make a proposal by 5 p.m. on May 15, or walk away, in accordance with THG, which has struggled on many levels because it listed on the London Stock...
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1 Jan

Victoria Beckham Brand Sales Climb, and Losses Shrink, in

by Beauty Tips
Fashion, Featured
Victoria Beckham Brand Sales Climb, and Losses Shrink, in
LONDON – Revenues are climbing, and losses are shrinking, at Victoria Beckham Holding Limited, in response to 2021 filings set to be published on Firms House, the official register of U.K. businesses. Within the 12 months ended Dec. 31, 2021, Victoria Beckham Holding Limited, which is owned by Beckham, her husband David, and the private equity investor NEO, saw revenues jump by 13 percent to 40.9 million kilos. EBITDA losses greater than halved to 2 million kilos compared with the previous 12 months, while operating losses fell to three.9 million kilos from 6.8 million kilos. The corporate attributed the 2021 performance to its decision to consolidate and reposition the style collection, and to “accelerated growth” in the wonder business. The filing didn't break...
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