Portmeirion Group has announced its H1 2025 trading update, reporting a return to growth across the business despite ongoing disruption caused by US import tariffs.
Group sales rose by 2.8% at constant currency, with growth excluding the USA hitting 10.8%. The company cited strong performances in international markets, particularly South Korea, as well as continued momentum from its home fragrance brand Wax Lyrical, which delivered double-digit growth and continued to take market share.
The Group confirmed it has taken a number of proactive measures in response to the impact of US tariffs, including accelerating its “Made in Stoke-on-Trent” onshoring strategy.
International expansion continues apace, with Portmeirion’s premium lifestyle brand Nambé opening its eighth store on 19th July at Inwood Village in Dallas. Meanwhile, Spode and Portmeirion pop-up shops are set to open in New Jersey on 15th August.
Commenting on the update, Portmeirion CEO Mike Raybould said: “The imposition of import tariffs in the USA at the beginning of Q2 caused immediate disruption and significant uncertainty in our largest and most profitable market. We have proactively implemented a number of actions in response to these challenges and will continue to monitor the situation closely, remaining sensitive to the wider macro/political uncertainty and its influence on consumer confidence.
“We are making solid progress against our 2025/26 strategic priorities which will drive a transformation of our business. Our International and South Korean markets are back in growth and the UK has seen an impressive performance from Wax Lyrical, which continues to outperform the market.”
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