In 2017, Conde Nast Britain reported its first loss in revenue since 1995. But it has regained profitability, according to its 2018 numbers.
WWD reports the publisher revealed a profit of around £2.7 million ($3.2 million) in 2018. In 2017, its losses amounted to £13.6 million.
The division manages titles like British Vogue, GQ, Tatler and Glamour, which cut its print frequency from 12 issues to two in 2018. It was relaunched in March 2018 as a "beauty-first, mobile-first" millennial brand.
Like fellow titles GQ and Wired, Glamour h
British Vogue reported an increase in its Audit Bureau of Circulation figure of 1.1% year-over-year, while Conde Nast Traveller saw an increase of 3.7% year-over-year. Tatler reported an increase of 1.2% year-over-year.
Each of the titles got a new editor, with Edward Enninful heading up British Vogue, Melinda Stevens taking over at CN Traveller and Richard Dennen becoming EIC at Tatler.
The company is concerned about how Brexit might impact its business, especially assuring “continuity for our import and export streams. The impact on the retail climate and consumer purchasing power remains uncertain.”