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Condé Nast’s UK profits drop by more than a third as sale of Vogue publisher ruled out
Source: The Guardian UK
Summary
Magazine group points to restructuring bill but says it ‘remains profitable in the UK for another year’Profits at Condé Nast’s UK arm slumped by more than a third last year, according to figures published shortly after the billionaire family that owns the luxury magazine group and titles from Vogue to GQ ruled out a sale.The publisher, which enjoyed a bumper 2024 after booking £64m in proceeds from the sale of its UK headquarters Vogue House in London, saw pre-tax profits excluding exceptional items tumble 36% from £28m that year to nearly £18m last year. Continue reading... You'll be taken to www.theguardian.com