Sosandar news and archive

Sosandar plans 50 store openings over next five years

In light of a slowing in e-commerce sales among the wider fashion industry, the online retailer Sosandar is set to enter the brick and mortar market with an ambitious nationwide expansion plan. Speaking to The Times, the retailer’s co-CEO, Julie Lavington, revealed that the company was “targeting around 50 [stores] in total” over the next three...

ManagementFeatured

Sosandar reveals first store locations alongside revenue increase

British womenswear brand Sosandar has reported that its revenues have increased by 9 percent to 46.3 million pounds for the year ended March 31, 2024, alongside unveiling the location for its first two physical stores. In its full year results and trading update, Sosandar said it was transitioning into a multi-channel retailer and plans to open...

Report

Sosandar posts 9 percent increase in full year revenues

Sosandar plc reported revenue of 46.3 million pounds, up 9 percent year-on-year and improved gross margin to 57.6 percent. Sosandar believes that market expectations for the year ended 31 March 2024 are revenue of 46.8 million pounds and PBT of 0.1 million pounds. Post year-end, the company said in a release that April trading has been strong...

Report

Sosandar increases sales by 23 percent in the third quarter

British clothing supplier Sosandar Plc welcomed positive trading in the weeks leading up to Christmas and set a new sales record in the third quarter of the 2023/24 financial year. According to an interim statement published on Wednesday, sales in the months from October to December amounted to 14.3 million pounds. This corresponds to an...

Report

Sosandar appoints interim chairman to permanent position

Womenswear retailer Sosandar has announced that its current interim non-executive chairman, Nick Mustoe, will now be taking on the role in a permanent capacity, as revealed in its latest regulatory filing. Mustoe was appointed to the interim position in March 2023 following the sudden passing of the company’s former chairman Bill Murray earlier...

ManagementFeatured

Sosandar swings to loss but forecasts positive trading ahead

Sosandar’s first half revenue increased by 6 percent to 22.2 million pounds with a loss before tax of 1.3 million pounds against profit of 0.1 million pounds in the same period last year. During the months of October and November, the company added trading has been in line with full year market expectations of revenue of 46.8 million pounds and...

People

Sosandar appoints first creative director

Womenswear label Sosandar has appointed Emily Frazer to the newly-created role of creative director. Frazer announced the news on LinkedIn, where she said that the move was “an exciting chapter that marks a significant milestone in [her] career”. She continued: “Julie [Lavington] and Ali [Hall], the formidable founders of Sosandar, serve as...

ManagementFeatured

Sosandar bullish on growth plans despite posting H1 loss

For the first six month period, Sosandar net revenues increased by 6 percent to 22.3 million pounds, while gross margin improved to 55.8 percent. The company said its pre-tax loss reached 1.3 million pounds driven by lower revenue following the trialled reduction in promotional activity in the second quarter. Sosandar intends to operate its...

ManagementFeatured

Sosandar posts first FY profit, revenue up in Q1

British womenswear brand Sosandar has reported its first full-year profit and said trading is off to a good start in the first quarter of the current year. The company made a pre-tax profit of 1.6 million pounds for the 12 months to March 31 in what it described as a “a transformational year” and despite “challenging macroeconomic conditions”....

Report

Sosandar swings to profit, revenues up 44 percent

Sosandar Plc revenues of 42.5 million pounds, were up 44 percent for its financial year ended March 31, 2023. The company delivered PBT of 1.6 million pounds, a positive swing of 2.2 million pounds versus 0.6 million pounds loss in FY22. Gross margin was maintained at 56.1 percent. Commenting on the trading update, Ali Hall and Julie Lavington,...

Report

Sosandar names Nick Mustoe as interim non-executive chairman

After Sosandar PLC announced on February 6, 2023, the sudden demise of its non-executive chairman Bill Murray, the company has appointed Nick Mustoe, non-executive director as interim non-executive chairman with immediate effect. Commenting on his interim role as non-executive chairman, Nick Mustoe said: "While it is in incredibly sad...

ManagementFeatured

Sosandar looking to raise at least 4 million pounds to accelerate growth

British womenswear brand Sosandar is looking to raise at least 4 million pounds to accelerate its growth. The company has announced a proposed placing of no less than 18.18 million new ordinary shares via an accelerated bookbuild at a price of 22 pence per share. Additionally, it plans to carry out a separate offer of up to 2.27 million new...