Fabric and wallpaper company Osborne & Little says it faced higher costs and poor sales in UK and Europe in last financial year

Profits at the former chancellor George Osborne’s family business slumped 98% to £30,000 last year and the company breached the terms of a Covid business loan as it faced increased costs and poor sales in the UK and Europe.

Sales at the upmarket fabric and wallpaper purveyor, which was founded by Osborne’s father and his brother-in-law in the 1960s, rose 11% to £32m in the year to 31 March, partly thanks to a deal with Ralph Lauren and strong sales in the US, but sales fell in the UK and Europe.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Afghan scholars in UK fear they may be forced to return home

Government urged to grant current cohort of Afghans on Chevening scholarship programme…

The world is rightly appalled by the Uber files – the drivers aren’t so surprised | Alex Marshall

My union, the IWGB, has been fighting tooth and nail for the…