Annual sales and profit plummet at Taveta Investments

Taveta Investments Ltd., parent of fashion retailers including Topshop, Topman and Miss Selfridge reported a decline in profit from continuing operations to 71.6 million pounds (96.7 million dollars) against 139.1 million pounds (187.8 million dollars) for the year to August 2017, due to slowdown in sales and an exceptional charge from onerous leases and the revaluation of investment properties, reported WWD quoting a company statement.