Americas D2C Return to Growth
The company's Americas Direct-to-Consumer (D2C) segment returned to growth in the second half of FY '25, indicating a positive turnaround in this market.
Significant Inventory and Debt Reduction
The company reduced inventory by GBP 67 million, surpassing the original target of GBP 40 million, and decreased net debt by GBP 95 million, strengthening the balance sheet significantly.
Cost Savings Achieved
Through a cost action plan, the company achieved GBP 25 million in annualized cost savings, which will be fully realized in FY '26.
Strong Performance in APAC Region
D2C sales in the APAC region showed strong year-on-year growth in Japan, South Korea, and China, with South Korea particularly noted for its performance in Q4.
New Financing Arrangements Secured
The company secured refinancing as announced at the half-year mark, contributing to the stabilization efforts.