Portmeirion Group (PMP): Wax Lyrical disposal

This situation live

£24m · 46.5p · −48% since the first step

6 May 2026 · Confirmed non-core; sale to be sought · −47% until the next step Wax Lyrical confirmed as non-core and a disposal will be sought in due course.

23 Sep 2026 · Profit improvement plan under way · −9% since Wax Lyrical is considered non-core to the Group.

Disposal of a part (break-up)

Wax Lyrical disposal

Profit improvement plan under way

Next: Deliver profit improvement plan; disposal medium-term

Every step · 3

6 May 2026 Confirmed non-core; sale to be sought – Wax Lyrical confirmed as non-core and a disposal will be sought in due course. ↗
28 Jul 2026 Profit improvement plan before disposal – Wax Lyrical is non-core to the Group and disposal process will be implemented in the medium-term. ↗
23 Sep 2026 Profit improvement plan under way – Wax Lyrical is considered non-core to the Group. ↗

What is happening

Portmeirion Group: Wax Lyrical disposal – Profit improvement plan under way. ['Profit improvement plan under way']

In short: Wax Lyrical was confirmed non-core on 6 May 2026 with a sale to be sought. It now has a profit improvement plan, 'Getting Match Fit', under new leadership, and disposal is pushed to the medium-term. H1 sales fell 18.0%, mainly from order cancellations after supplier problems.
Announced: 6 May 2026 · Confirmed non-core; sale to be sought
Latest: 23 Sep 2026 · Profit improvement plan under way
H1 sales: Down 18.0%, mainly from cancelled orders after key supplier supply issues
Plan: 'Getting Match Fit': new retailers, D2C ecommerce, car products, price increases, range cut
Disposal timing: Medium-term

Deliver profit improvement plan; disposal medium-term.

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

From the company's own announcements. Not investment advice.

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