Condé Nast UK profits fall 36% as sale is ruled out

Summary

Condé Nast’s UK arm reported pre-tax profits, excluding exceptional items, of nearly £18m last year, down 36% from £28m in 2024. The figures were published shortly after the billionaire family that owns the magazine group ruled out a sale. The publisher pointed to a restructuring bill and said it remained profitable in the UK for another year.

Timeline

1. The Guardian

   18 Oct 2026, 07:00 UTCSource ↗

   The Guardian reports that Condé Nast’s UK arm’s pre-tax profits, excluding exceptional items, fell 36% to nearly £18m last year, and that the owning family ruled out a sale.