Magazine group points to restructuring bill but says it ‘remains profitable in the UK for another year’

Profits at Condé Nast’s UK arm slumped by more than a third last year, according to figures published shortly after the billionaire family that owns the luxury magazine group and titles from Vogue to GQ ruled out a sale.

The publisher, which enjoyed a bumper 2024 after booking £64m in proceeds from the sale of its UK headquarters Vogue House in London, saw pre-tax profits excluding exceptional items tumble 36% from £28m that year to nearly £18m last year.

Yumi Nu is one of the world’s most sought-after models. An American citizen of Dutch and Japanese descent, and the niece of DJ Steve Aoki, she has appeared on the cover of Sports Illustrated and walked for L’Oréal and Victoria’s Secret. On September 22, at Vogue World in Milan, Nu shared the runway with a group of inexperienced intruders: four humanoid robots built by the Chinese company Unitree Robotics.

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