Luxury Goods

Johnstons of Elgin profits fall 15% in FY22

According to the retailer, its drop in profit was due to challenges in efficiency, which impacted margins and headwinds from cost inflation

Scottish luxury cashmere retailer, Johnstons of Elgin, has revealed that its profit before tax dropped by 15.3% to £3.3m in FY22, down from £3.9m in the prior year.

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