High Street
Monsoon owner sees FY losses widen to £7.5m
As part of the group’s turnaround efforts, Adena Brands focused on three underperforming areas during the year to August 2024
Monsoon and Accessorize owner, Adena Brands Limited, has reported a £7.5m loss before tax and an EBITDA loss of £2.4m for the year to 31 August 2024, due to “significant” cost inflation which was driven by the UK National Minimum Wage rise.
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