Luxury concierge group records solid revenue despite lockdown impacting core business

News Team, 18/09/2020

A concierge group focused on serving the clients of private banks has managed to more-or-less maintain its revenue this year, despite the fact much of its business relies on organising luxury travel and exclusive experiences.

Ten Lifestyle Group said it expected to post revenue above the market expectation of £43.3 million for the year to 31 August 2020, but marginally below the £45.8 million recorded in the prior period.

Chief executive Alex Cheatle said the firm had been “responsive” to the changing environment and managed to continue delivering relevant services to members and corporate clients.

However, ...

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