Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Profits rise at Sosandar

Womenswear etailer Sosandar has reported gross profits of £409,000 for the nine months to 31 December 2017, up from £72,000 in the same period the previous year.

Revenue also grew, rising to £861,000 compared with £141,000 in 2016. However, operating losses widened from £1m in the nine months to 31 December 2016 to £2.1m for the same period in 2017.

Launched by former Look magazine editor Ali Hall and ex-publishing director Julie Lavington in September 2016, Sosandar raised £5.3m last November after it floated on the London Stock Exchange’s Aim market. The fundraising has been used to increase the etailer’s product offer, including expanding into leather, outerwear and footwear.

The etailer seeks to fill a gap in the market for ”women who have graduated from younger online brands” who are looking for ”affordable clothing with a premium aesthetic”.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.