Conran losses widen
The Conran Group, which owns furniture business The Conran Shop, has made a pre-tax loss of £7.9m compared to £1.1m last year.
The loss was partly attributable to the costs of closing a store in New York, where it is instead opening a concession in renowned furniture store ABC.
The group, which is owned by Sir Terence Conran and also includes architecture and design practices, is shifting its focus to the Far East. A new store is being built in Kuala Lumpur and a new franchise agreement has been signed in Japan.
From store level to board room, Retail Week Knowledge Bank analyses company strategy, predicts intentions and details vital financial records across every retail sector
Share
Have your say
You must sign in to make a comment.