Profit warning for Wax Lyrical owner
Cracks have started to appear in the performance of pottery manufacturer Portmeirion, just weeks after its record results were in sharp contrast to job cuts elsewhere in the sector.
The Wax Lyrical and Royal Worcester producer has issued a profit warning after export sales to key markets including South Korea since the start of the year were much lower than expected.
Portmeirion said total group sales for the first four months of the year are down 10% against the comparative period last year.
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