Aspinal of London news and archive

Aspinal of London FY24 sales rise during profitable year

Luxury leathergoods brand Aspinal of London reported a slight uptick in sales for the year ended 31 March 2024, as it continued to operate what is said was a “successful profitable, cash generative business model”. Sales across the business rose 9 percent to 38.6 million pounds, up from the year prior’s 35.4 million pounds. Gross profit also...

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Aspinal of London names new CEO

British luxury leather goods and accessories brand Aspinal of London has appointed Laura Brown as its new chief executive officer. Brown has an extensive background in luxury retail and will bring a “wealth of experience,” including an innovative approach to business strategy, said Aspinal of London, while also playing an important role as the...

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Aspinal of London's multi-channel approach drives sales growth

Aspinal of London has reported 15 percent sales growth in the month of December. Aspinal saw strong performance across both its online and retail channels over the Christmas period. "Aspinal's post-covid strategy was to focus on our roots as an online business supported by only the most prestigious and select retail partners and our unique...

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Aspinal of London reports 29 percent revenue growth

Aspinal of London Limited’s sales grew by 29 percent from 23.1 million pounds reported in FY21 to 29.8 million pounds in the year to December 31, 2022. The luxury leather goods label said in its latest filing with the Companies House UK that adjusted EBITDA for the year reached 5.5 million pounds, up 57 percent compared to 3.5 million pounds in...

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Aspinal of London upbeat on online strategy despite Covid sales hit

Aspinal of London has revealed it took a big hit to its sales during the pandemic, but remains upbeat on its transformation into an online-first retailer. In the year to March 31, the British fashion retailer reported a 31 percent drop in sales to 23.1 million pounds and its adjusted EBITDA narrowed to 3.4 million pounds from 5.8 million pounds,...

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Aspinal of London CVA gets the green light

British luxury retailer Aspinal of London has received the green light from creditors to go ahead with its proposed company voluntary arrangement (CVA), meaning all 10 of its stores will be permanently closed. The CVA was “comfortably” approved by over 75 percent of its creditors last week, a source close to the retailer told Drapers. Founded in...

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Aspinal of London launches CVA proposal

Aspinal of London has launched a CVA proposal. The British retailer operates as an e-commerce business alongside ten stores in the UK across city centres, and also trades from concessions in department stores: Harrods and Selfridges. For the CVA to go ahead, the proposal needs approval from 75 percent of the Aspinal of London’s creditors. The...