Studio Retail, which was bought out of administration by Frasers Group just under two years ago, has posted a profit for the 53 weeks to 30 April ’23. Whilst revenues had fallen to £330.3m from £424.4m for the year prior, the business generated a pre-tax profit of £12.1m as against the £75.7m loss for the previous year.
This follows reorganisation, job losses, and the separation from the Studio Retail credit division, which has been rebranded as Frasers Group Financial Services, which supports credit product offerings across the entire Frasers Group.
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