Condé Nast reports 15.5% drop in pre-tax profits

Conde_Nast_logoVogue publisher Condé Nast’s UK operation reported a 15.5% drop in pre-tax profits last year to £8.8m. The high-end magazine publisher’s pre-tax profits fell for the second year in a row – profits have halved since 2011 – with much of the blame due to investment in its fashion and design college and information technology.

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