Jo Malone’s Jo Loves posts further sales decline

Jo Malone’s Jo Loves posts further sales decline

Jo Loves, the company owned by famed beauty entrepreneur Jo Malone, has posted further losses, with the year to June 30, 2016 losing £572,272.

The sales fall is another blow for the company, which has lost £3.9million since its launch in 2009, with creditors now said to be owed more than £4million, according to the Daily Mail.

Malone’s other company Gaz & Jo Intellectual Property Holdings is also on a downward sales spiral having lost £86,689 for the year ending June 30, 2016 in what is a turbulent time for Malone who previously stated that the 1999 sale of her famous Jo Malone brand to Estée Lauder in 1999 was the ‘worst decision of her life.’

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