In The Style Announces Workforce Reduction Amid Financial Struggles

In The Style (ITS), the Manchester-based fast-fashion retailer, has announced a workforce reduction as it navigates financial challenges and prepares for a return to the London Stock Exchange. The company reported a pre-tax loss of £2.6 million for the fiscal year ending March 31, 2024, with total revenue dropping significantly. This strategic shift aims to streamline operations amidst declining sales across all markets. As negotiations with Iconic Labs for a potential acquisition continue, the future of In The Style remains in focus.