Ann Summers news and press releases
Company announcements, direct sales updates and archived press coverage for Ann Summers.
Ann Summers news archive
Ann Summers Narrows Pre-Tax Loss to GBP 3 Million as Headcount Falls and Connect Closes
Ann Summers reported turnover of GBP 93.4 million for the 52 weeks to June 28, 2025, little changed from GBP 93 million a year earlier, according to accounts filed with Companies House. The pre-tax loss narrowed to GBP 3 million from GBP 13 million the year before, and the company said it returned...
Ann Summers Closes Its Party Plan Direct Selling Channel After More Than 40 Years
Ann Summers has closed its direct selling channel, known in recent years as Connect, ending the home party plan business that helped build the company in the early 1980s. In a notice on its website, the company said that as part of a wider business decision it is no longer accepting new consultant...
Ann Summers Signs Franchise Deal With Liwa to Enter Six Gulf Markets
Ann Summers has signed a franchise agreement with Liwa Trading Enterprises to expand into the Middle East. Under the deal, Ann Summers lingerie will be sold in the United Arab Emirates, Kuwait, Saudi Arabia, Qatar, Bahrain and Oman through a franchise model, with Liwa also acting as distributor....
Ann Summers Pre-Tax Loss Widens to GBP 13.1 Million as Turnover Falls
Ann Summers reported a pre-tax loss of GBP 13.1 million for the year ended June 29, 2024, up from a loss of GBP 3.8 million the year before, according to accounts filed with Companies House. Turnover fell to GBP 93 million from GBP 104.5 million. UK turnover dropped from GBP 100.6 million to GBP...
Ann Summers Owners Explore Options Including Partial or Majority Sale
The Gold family, which has owned Ann Summers for more than 50 years, is exploring options for the lingerie and adult products retailer that could include selling a partial or majority stake. The family is reported to be close to hiring corporate advisory firm Interpath to run a strategic review...
Ann Summers Cuts Head Office Jobs as Gold Family Lends GBP 5 Million
Ann Summers has made a small number of its more than 1,000 employees redundant to reduce costs, while its family owners have put GBP 5 million of new funding into the loss-making business. Up to 30 roles are understood to be affected, mainly in head office operations. Staff in the company's 80...
Ann Summers CFO John Boyle Steps Down as Kristina Moln-Page Named Finance Director
Ann Summers has announced that chief financial officer John Boyle is stepping down after 11 years with the company, and that Kristina Moln-Page has been promoted to finance director. Boyle will stay on as CFO until June 30, 2024 to ensure a smooth handover. Moln-Page will be responsible for the...
Ann Summers FY23 Turnover Rises 4.5 Percent to GBP 104.6 Million on Store Growth
Ann Summers has reported turnover of GBP 104.6 million for its 2023 financial year, up 4.5 percent from GBP 100.1 million, as shoppers returned to its high street stores. Gross profit rose 3 percent to GBP 61.8 million. Store sales, which the company describes as its most profitable channel, grew...
Ann Summers Names Maria Hollins CEO as Vanessa Gold Becomes Chair
Ann Summers has reorganized its leadership following the death in March of Jacqueline Gold, who had led the business since 1987. Vanessa Gold, Jacqueline Gold's sister, is moving from chief executive to chair. She had been acting as chief executive since February 2023 and before that served as...
Ann Summers Executive Chair Jacqueline Gold Dies at 62
Jacqueline Gold, executive chair of Ann Summers and the executive who created the company's home party plan business, has died at the age of 62. The company said Gold died on the evening of Thursday, March 16, 2023, after seven years of treatment for breast cancer. Her husband Dan, daughter...