Sosandar news and archive

Sosandar raises 5 million pounds in share placing

British online fashion brand Sosandar has raised over 5 million pounds in a “substantially oversubscribed” share placing as it looks to expand its business with a focus on third-party retail partners. The company placed 26.2 million new ordinary shares of 20 pence each. Additionally, the company said one of its directors has subscribed for...

Business

Sosandar expects to report full year revenue growth of 35 percent

In its fourth quarter, Sosandar reported revenue of 3.94 million pounds, up 63 percent. For the financial year ended March 31, 2021, the company expects to report revenue of 12.2 million pounds, up 35 percent, with the EBITDA loss reduced by over 60 percent. Commenting on the trading report, Ali Hall and Julie Lavington, the company’s co-CEOs...

BusinessFeatured

Sosandar turnover accelerates 136 percent

Online women’s fashion brand Sosandar PLC, for the three months ended 31 December 2019, said that the company witnessed strong trading performance in autumn continuing into winter with net revenues in each month exceeding 1.2 million pounds (1.5 million dollars). The company added revenue for the period was above management’s expectations at 3.8...

Business

Sosandar H1 revenues grow 53 percent

Online women’s fashion label Sosandar PLC said revenue increased by 53 percent to 2.82 million pounds for the six months to September 30, 2019. Gross margin for the period was 54 percent compared to 55 percent in the previous year, while gross profit increased to 1.5 million pounds against 1.01 million pounds for the six months to September 30,...

Business |ANALYSIS

Octopus Investments buys 11.12 percent stake in Sosandar

New York – Online fashion retailer Sosandar PLC said that Octopus Investments Nominees Ltd bought 11.12 percent stake in the company on Wednesday, July, 31. After the investment, Octopus Investments Nominees owns 18.1 million shares in the company. The news boosted the stock, with Sosandar shares closing 7 percent higher at 15.25 pence each on...