Sosandar news and archive

Sosandar to expand into homeware through Next licensing deal

Womenswear brand Sosandar is expanding its reach and stepping into the homeware market through a new licensing agreement with British retail giant Next. The deal expands on the duo’s already existing relationship, through which Next continues to stock Sosandar’s clothing range where it has seen a reported “success”, according to this latest...

Retail

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...

BusinessFeatured

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...

Business

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...

Business

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...

People

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...

BusinessFeatured

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...

BusinessFeatured

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”....

BusinessFeatured

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...

Business

Sosandar announces death of non-exec chairman

Online womenswear retailer Sosandar has confirmed the passing of Bill Murray, the company’s non-executive chairman. The British e-commerce brand said Murray’s fellow board members and other colleagues are “deeply saddened” by the news. In a regulatory filing, Ali Hall and Julie Lavington, co-CEOs, said: "It is with great sadness that we learned...

Business

Sosandar taps new non-exec director, appoints new auditor

Sosandar has named a new board member and appointed a new auditor. As of September 1, Lesley Watt will be a new non-executive director at the British online fashion brand. She will replace Mark Collingbourne who is stepping down. Watt is an experienced finance director with over 25 years in board and senior finance positions. She is currently a...