MusicMagpie
This coverage explores MusicMagpie’s strategy and operations in the UK retail market, offering insights for executives, managers, and brand professionals. Reporting includes financial results, leadership changes, marketing campaigns, product categories, and the company’s positioning in the recommerce and circular economy sectors. The analysis helps professionals assess MusicMagpie’s growth plans, sustainability initiatives, and competitive dynamics.
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Nov- 2025 -25 NovemberElectrical
AO World revenues and profits climb amid stronger membership uptake
AO World has reported revenues of £586m, up 14% year-on-year, with business-to-consumer retail sales rising 12% to £423m for six months ended 30 September. The group stated that growth was supported by rising market share and continued take-up of its Five Star membership programme. Profit before tax also increased to…
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Aug- 2025 -12 AugustPeople Moves
AO World appoints Sophie Tomkins as non-executive director
AO World has announced that Sophie Tomkins has been appointed as an independent non-executive director of the Company with effect from 1 September 2025. AO World said Tomkins brings “extensive” board-level experience, currently serving as a non-executive director at Wilmington PLC, Virgin Wines UK PLC, and System1 Group PLC and…
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Jun- 2025 -18 JuneElectrical
AO World profits rise amid membership scheme success
AO World has revealed that its adjusted profit-before-tax rose 27% to £44m for the year ended 31 March 2025, up from £34m in the previous year. Alongside this, the company’s LFL group revenue grew 7%, to £1.11bn with its core B2C retail revenue rising 12% to £832m. This growth was…
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Oct- 2024 -2 OctoberNews-In-Brief
Today’s news in brief-2/10/24
Shop prices fell by 0.6% in September, marking the lowest annual growth since August 2021. Non-food items saw deflation deepen to -2.1%, while food inflation slightly rose to 2.3%, influenced by higher prices in cooking oils and sugary products. Nike’s first-quarter revenue dropped 10% to $11.6bn, prompting the company to…
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2 OctoberElectrical
AO World to acquire MusicMagpie in £10m deal
AO World has announced that it is set to acquire MusicMagpie in a deal worth £9.98m which is expected to complete in early 2025. The deal received backing from MusicMagpie’s board, with directors unanimously recommending the offer. AO World is hoping that the deal will boost its presence in the…
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Dec- 2023 -14 DecemberNews
Today’s news in brief-14/12/23
Farfetch is reportedly in talks with Apollo Global Management to secure emergency funding as it faces financial challenges. Farfetch, once valued at $23bn (£18bn) in 2018, now has a market value of $221m (£175m). While discussions with Apollo are ongoing, it is uncertain whether the funding will be provided as…
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14 DecemberElectrical
MusicMagpie revenues bolstered by Black Friday
MusicMagpie expects its full-year revenues to reach £136.6m, slightly down from £143.3m in the year prior, despite a “record” Black Friday period which has helped off-set a softer H1. However, the retailer maintained that consumer technology revenues for the second half increased 7.5% over the same period in 2022, and…
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Nov- 2023 -20 NovemberElectrical
Music Magpie in talks over potential sale
The board of Music Magpie has confirmed that it is in preliminary talks with BT Group plc and Aurelius Group over a potential offer to purchase all of MusicMagpie’s issued and to-be-issued share capital. It stated that discussions between the parties are ongoing and remain at a very early stage.…
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Jul- 2023 -13 JulyOnline & Digital
MusicMagpie sees EBITDA rise 7.7% in H1
MusicMagpie has reported adjusted EBITDA of £2.8m, up 7.7% in H1 2023 compared with £2.6m in H1 2022, according to its interim results for the six months ended 31 May 2023. It also stated that following a challenging start to H1, with postal strikes and low consumer confidence impacting December…
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Jun- 2023 -19 JuneElectrical
MusicMagpie earnings in line with expectations in H1
MusicMagpie has revealed that first half EBITDA increased 7.7%, a figure that is in line with board expectations, for the unaudited period ended 31 May. The news comes after a “challenging” start to the year, with postal strikes and low consumer confidence impacting December and January sales. However, the group’s…
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