Ascension in Black As Scottish Move Pays Off

The HeraldDecember 23, 2011

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Summary


ETHICAL retailer Ascension.co.uk, acquired for pound(s)1 last year by entrepreneur Luke Heron, has achieved a pound(s)1 million turnaround into the black following its move to Scotland.

Ascension was previously a listed subsidiary of Adili, creation of ASOS co-founder Quentin Griffiths, but had lost more than pound(s)6.2m since 2006 including pound(s)1m in the year before it was sold.

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Extract


Ascension in Black As Scottish Move Pays Off

Mr Heron, who moved the operation from Dorset to Stirlingshir...

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