Terrorism and flooding plunged bookshop Foyles into red last year



It survived two world wars, thefts and strikes but the drama never stops for bookshop Foyles. Terrorism and flooding plunged it into the red last year.
Accounts just filed by the 115-year-old W&G Foyle reveal the company made a pre-tax loss of £88,800 in the 12 months to June 30, 2017 despite sales growing 6 per cent to £26.6 million.
Best known for its former flagship branch in Charing Cross Road, Central London – once listed as the world’s largest bookshop with 30 miles of shelving – it moved its main store a few doors along in 2014.
The company has other branches in London,... read more

 
8 April 2018 in Business, Views: 54
Source: Daily Mail
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