RE: Shein: Inside the Chinese factories - BBC News16 Jan 2025 20:56
Reardon - from the 13th November RNS
"During the year, the Group incurred significant non-recurring costs, which are shown as exceptional items in the financial statements and have not been included in the adjusted performance measures. These items relate predominately to impairment of assets and associated costs with the closure of the US warehousing facility. Additional exceptional costs associated with the US warehousing facilities and dual technology platform running costs are expected to be incurred in 2H FY25. These exceptional items amounted to £108.7 million and are detailed in note 1 of the financial statements".
see -
Exceptional costs and impairment of assets
6 months to 31 August 2024
USA warehouse closure expenditure - administrative costs
That's a good loss - a lifetime blot on Lyttle.