American Golf owner loses almost £10m as cost-of-living crisis hits sales

The owner of American Golf lost almost £10m during its latest financial year as the cost-of-living crisis impacted its sales.
International Leisure Group, the holding company for American Golf Trading, American Golf Leisure and International Leisure Brands, has posted a pre-tax loss of £9.8m for the 12 months to January 29, 2023. In the prior year, the group made a profit of £7.5m.
The Warrington-headquartered group, which is backed by private equity firm Endless, also reported that its turnover fell from a record £166.8m to £151.2m in the year. However, it added that its like-for-like sales rose by 2.3% in the eight months to the end …