Turnover Plunges At Cambridge Satchel Company
Turnover plunged by a fifth at the Cambridge Satchel Company despite the bag brand launching a new design and tour thác bản giốc running an advert in fashion bible Vogue.
The firm, whose bags are a favourite of Louise Redknapp, Emma Stone and Alex Chung, made a loss of £1.4m in the year to June 2019 - down from £1.5m in 2018 - as sales fell everywhere, including by £800,000 in the UK.
This came despite the fact that its new bag 'exceeded expectations', the group said.
Struggle: The company was founded in 2008 by Julie Deane (above right) and is a favourite of Louise Redknapp
The company was founded in 2008 by Julie Deane and tour thác bản giốc her mother Freda Thomas at Deane's kitchen table.
The firm expects to take a hit from lower demand during the pandemic, which will mean it won't break even until 2021.
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A Hong Kong-based private equity investor, Cassia, bought into the company in December to fuel an expansion of the business.
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