Profits at Condé Nast's UK operations fell 36 percent to nearly £18m from £28m in 2024, according to newly published figures. The decline comes after the family that owns the publisher decided against selling the business, which includes Vogue and other titles.
The company has not disclosed the reasons behind the significant drop in profitability. The decision to retain the business marks a shift from earlier plans that had been under consideration by the owning family.