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The British designer label has not posted a pre-tax profit since ****, and its finances have remained under sustained pressure for several years, according to company’s filings. Even in ****, the company had reported a ** per cent drop in sales to £** million (~$**.* million) while pre-tax losses widened to £**.* million (~$** million).
Further, the company’s directors have warned that it could face cash shortages by **** without additional funding. These challenges come amid a broader slowdown in luxury spending, driven by inflation, rising living costs and weakening global demand.
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