Condé Nast UK profits slump by more than a third as sale scrapped

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Guardian Business

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 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 …

18 Oct, 07:00

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City AM

Condé Nast UK profits slump by more than a third as sale scrapped

Profits at the UK arm of publishing giant Condé Nast fell by more than a third last year, according to new figures published after the family that owns the Vogue publisher ruled out a sale. The publisher saw pre-tax profits excluding exceptional items plummet 36 per cent from £28m in 2024 to nearly £18m last [...]