Condé Nast’s UK profits drop by more than a third as sale of Vogue publisher ruled out
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…
The Guardian reports: 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.
This business story centres on the United Kingdom. Names and organisations mentioned in the coverage include Condé Nast’s UK, Vogue House and Vogue.
Why it matters
Business and economic news can ripple through prices, jobs, investments and household budgets.
Key details
- Location
- United Kingdom · Europe
- Reported by
- The Guardian
- First reported
- Key names
- Condé Nast’s UK, Vogue House, Vogue, UK
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at The GuardianSpotted an error? Request a correction · How this summary was produced
Related Stories
Comedian Paul Whitehouse mugged at London cash machine
His wife wrote on Instagram that the actor had been "mugged at a cash machine behind a Sainsbury's in Islington".
Stinky business: south London bike shop hit by ‘unbearable’ stench from Thames Water sewer
Owner and mechanics fear for their health and future of the Herne Hill shop with no date for fixing problem The leafy south London neighbourhood of…
Alexandra Shulman: ‘Which book am I ashamed not to have read? Literally the whole canon of classic English literature’
The former British Vogue editor-in-chief and author on a romantic kiss on a traffic island, her school-run regrets, and a very expensive nude Born…
Which coffee chain was founded in London in 1971? The Saturday quiz
From Divine, Frank Fiegel and Helen Kane to the West Sussex estate pioneering rewilding, test your knowledge with the Saturday quiz 1 Which classic…
Why hedge funds could be making a bond market shock more likely
The Bank of England's deputy governor has warned that hedge funds' activities could raise the risk of a global bond market shock.
Semiconductor market to remain solid ‘at least through next year,’ South Korea finance minister says
South Korea's finance minister said semiconductor growth can last at least through 2027 as supply remains tight despite a global chip sell-off.
AI stocks plunge. Inflation heats up. Where we're still finding opportunities
The sinking AI trade rattled last week's market.
'Dead money’ for a decade: Why this hedge fund approach may deliver an advantage over bonds
Investors may want to rethink their bond allocation and opt for managed futures exposure.