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Condé Nast’s UK profits drop by more than a third as sale of Vogue publisher ruled out

The Guardian Business Sunday 18 October 2026, 07:00 UTC By Mark Sweney 1 min read

Key Points

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...

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.

Condé Nast’s (ORG) UK (LOCATION) Vogue (ORG) Magazine (ORG) GQ (ORG) Vogue House (ORG) London (LOCATION)

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