Samantha Cameron’s Fashion Label Cefinn Sees Sales Dip by 5%

Samantha Cameron’s Fashion Label Cefinn Sees Sales Dip by 5%

Samantha Cameron’s clothing line experienced a 5% drop in overall sales following the failure of a major wholesaler. However, the brand appears poised to compensate for this loss by shifting towards direct sales and expanding into brick-and-mortar retail outlets.

Mrs Cameron launched
In 2017, Cefinn was offering floral dresses and sophisticated trousersuits priced at up to £500.

Although it initially began primarily as a workwear label, it has recently expanded to include a wider range of casual attire.

The designs are favored by the Queen and the Duchess of Cornwall.
Edinburgh
and
Zara Tindall
However, the downfall of distribution channel Matches Fashion and issues with Net-A-Porter posed significant challenges.

This indicated that it needed to shift towards a direct-to-consumer strategy via its website and retail outlets, resulting in D2C sales rising by 28% to reach £3.6 million.

In an unexpected uplift, considering numerous other labels are shuttering their outlets, her new store on Elizabeth Street is anticipated to generate £500,000 in sales.

A source informed MailOnline: “The thriving brick-and-mortar store has defied the odds and is fantastic news for our operations.”

Cefinn’s customer base has grown by 29 percent throughout the year and this trend has carried over into the current fiscal period.



Before-tax losses marginally dropped from £357,000 to £354,000 over the course of the period. The company stated this was due to “the inherent characteristics of a developing, modern fashion enterprise that found itself compelled to alter its approach midway through the year without any missteps on their part,” as reported by the Times.

Last year’s downfall of MatchesFashion and the challenges faced by Net-a-Porter, alongside difficulties within the wider luxury e-commerce industry, has sent ripples through the market, affecting individual fashion enterprises.

As a consequence, numerous other brands are now focusing on direct-to-consumer sales strategies.

Lady Cameron garnered attention in recent years for her refusal to

To produce her clothing in Britain.


Seemingly disregarding British clothing manufacturers, her garments are made in facilities located in China, India, and Portugal.

Five years back, she initially disrupted UK manufacturers by stating that it was difficult to locate top-notch factories in the country.

In a recent interview, she sparked another controversy by stating that her reason for sourcing the material origins was due to sustainability concerns.

Recently, Cefinn launched two new stores: a permanent location on Elizabeth Street in Belgravia and a temporary one on King’s Road in Chelsea.

It is said that the firm is currently in talks regarding the establishment of an additional long-term outlet.

Cefinn has been asked for an opportunity to comment.


The article has been updated from a previous edition where it incorrectly reported that Cefinn experienced a £4.2 million loss. We aim to correct this by clarifying that the mentioned figure represents total revenue, which saw a decrease of 5% compared to the prior year.

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Avocado Boom: Murang’a Youth Thriving by Adding Value



Wilson Mwangi categorizes avocados at his modest facility in Kiria-ini, Mathioya, within Murang’a County.

Wilson Mwangi, aged 30, is among the numerous young individuals making their livelihood from the avocado industry.

After finishing his higher education, the young man launched a venture involving the brokerage and transportation of fruit from farms to processing facilities.

Mwangi was making a good income from the industry up until 2023, but then production declined sharply as the demand for the fruit increased significantly.

“I found it difficult to load the pickup truck with the fruit because shipping a partially filled vehicle was too costly, leaving me without any profit,” he explained.

However, while he awaited additional fruit supplies, the produce he had initially purchased from local farmers went bad, ultimately resulting in him giving it all to his pigs instead.

Struggling with setbacks, Mwangi needed to discover another method of generating income from his crops and opted to begin enhancing the fruit’s worth.

Given his constrained resources, Mwangi, an individual with expertise in plant operations, devised a manual setup capable of extracting oil from the fruits.

“I started with extensive research to grasp the process of extracting oil from avocados and to understand how pressing machines function,” he explained.

He then engaged a local jua kali artisan to establish the small plant, which is operated using hands.

Later, Mwangi established an office in Kiria-ini town within the Mathioya subcounty area, naming it Ewims Farm Enterprises.

Achieving parity was not an effortless feat, as the residents found it challenging to accept the new oil when he promoted it primarily as a cosmetic for enhancing skin and hair.

“He mentioned that he employed local young people for aggressive marketing campaigns aimed at informing residents about the advantages of avocados oil.” He also noted that the majority of his clientele consists of women.

Gradually, the perception began to shift, and people started purchasing it.

Mwangi stated that the enterprise has expanded and now provides employment for 20 local young people, who purchase avocados directly from farmers.

The young individuals have been educated to guarantee that solely ripe fruits are picked.

A different group consisting of 20 individuals is involved in processing the fruit and pressing the oil at the facility. Once the fruits arrive at the plant, they are placed in a storage area where they are permitted to fully ripe.

The selected items are sorted; those that have gone bad are discarded, whereas the mature ones undergo cleaning where their pulp is extracted, crushed, and kneaded. Following this process, they are left to dry under the sun prior to being fed into a press for extracting the oil, which is subsequently gathered and bottled in sizes of 65 ml and 120 ml.

“In just seven days, we generate approximately 20 liters of avocado oil, which we sell at Sh250 per 65 ml bottle and Sh500 for the larger 120 ml size,” he explained.

Our primary market is right here locally, but as we grow, we’re also making headway into the adjacent counties.

Mwangi has been involved in enhancing farmers’ skills to guarantee that only fully organic produce is supplied, as demand for health-conscious items increases.

Muranga County has taken the lead in promoting agroecology, encompassing practices like organic farming, as a means to reduce the prevalence of diseases among its inhabitants.

The study revealed that Murang’a was one of the counties with the highest rates of noncommunicable diseases.

Consequently, numerous farmers have turned to organic farming practices and avoided using damaging agricultural chemicals. Mwangi, who owns an orchard of 200 avocado trees, mentioned that he intends to obtain an automated press machine which would enable him to increase oil production.

“I have access to foreign markets, particularly in China, however, I’m not able to produce sufficient quantities for exporting the oil,” he stated.

He purchases the fruit at Sh15 per kilogram, and unlike other processors, he harvests all ripe fruits without extensive sorting since they are not intended for direct consumption.

He urged youths to try their luck in small and medium enterprises, saying it’s the only way to improve their lives while creating employment for others.

Alfred Kimani, who is among the young people involved in purchasing avocados from farmers, mentioned that he previously worked as a boda boda rider.

When Mwangi initiated the small plantation, Kimani seized the opportunity since he already owned a motorcycle which he used for transporting fruits from the farms.

“This job is simpler and yields better profits. All I need to handle is hiring harvesters and arranging for the fruit transportation to the factory,” he explained.

Muranga County leads as the top avocado producer in Kenya, offering locals a chance to participate in the fruit’s supply network.

The county is home to over 96,000 avocado farmers who presently yield approximately 500 metric tons each year.

The trend became widespread under the administration of ex-Governor Mwangi wa Iria, who provided over two million Hass avocado seedlings, allowing cultivators to transform it into an income-generating plant.

Previously, many rural homes grew only a small number of avocado trees to complement their family’s nutrition and make some additional income. Brokers often purchased these avocados for as little as KES 2 each, which was considered a minimal amount.

The local administration helped establish the Murang’a Avocado Farmers’ Association, enabling growers to participate in direct agreements with processing companies and export firms, thereby increasing their earnings to as much as 70 Kenyan shillings per kilo.

In 2021, Murang’a was responsible for 31 percent of the nation’s avocado production, and in 2023, this crop generated Ksh18 billion through exports.

Provided by Syndigate Media Inc. (
Syndigate.info
).

Romanian Maritime Ports See Drop in Freight as Grain Exports Fall in 2024

Romanian Maritime Ports See Drop in Freight as Grain Exports Fall in 2024

The amount of cargo handled at Romania’s seaports decreased by 14% year-over-year to 59.55 million tons in 2024, as reported by the statistical agency INS and cited by various sources.
Bursa.ro
.

The decrease in total handling volume can be attributed to a 26.3% drop in the amount of loaded cargo, whereas the quantity of unloaded goods saw a rise of 3.8%.

Specifically, the amount of grain loaded saw a decline of 31.6% year-over-year (dropping to 19.9 million tons, which represents one-third of the overall throughput). This drop was mainly due to reduced exports from Ukraine being managed through Romania’s Constanta port, causing volumes to revert nearer to pre-war norms.

The handling of ore (mainly for exports) also decreased considerably, by 39%, totaling 2.5 million tonnes.

On the contrary, the management of petroleum products saw an increase of 12.3% year-over-year to reach 7.4 million tonnes in 2024, with 6.0 million tonnes being offloaded during this period.

iulian@romania-insider.com

(Photo source:
Prasit Rodphan/Dreamstime.com
)

Romanian Blueberry Farmer Invests €8M in State-of-the-Art Processing Facility

Romanian Blueberry Farmer Invests €8M in State-of-the-Art Processing Facility

Yami Fruits, a company specializing in strawberries and blueberries owned by four Romanian entrepreneurs, is constructing a facility for fruit processing and packaging in the commune of Şoimuș, located in Hunedoara County. The funding comes from the Just Transition scheme, which supports areas affected by decarbonization, as reported.
Ziarul Financiar
.

The cultivation of blueberries and other forest fruits in Romania has rapidly expanded in recent years; however, the statistical offices’ obsolete classification systems do not account for these newer crops. As a result, the National Institute of Statistics (INS) cannot supply accurate nationwide production figures, even though specialized agricultural departments are furnishing local data at the county level. It is reported that more than 6,000 tons of berries are gathered each year in Romania, with approximately 85% being exported.
Greennews.ro
.

Ciprian Virgil Munteanu, who works as an economist and is associated with Yami Fruits, stated, “We aim to construct a facility for sorting, processing, and packing fruits into containers weighing either 250 grams or 500 grams. Since our products are perishable, it’s essential that we sort the fruit prior to packaging.”

The firm is under the control of Ciprian Virgil Munteanu, holding 60% of the shares, followed by Graţian Lupu with 15%, Marius Florin Pădure contributing another 15%, and Răzvan Nita owning the remaining 10%.

The public records indicate that the firm declared a revenue of RON 31 million (approximately EUR 6.2 million) for the year 2023, marking an increase of 66% from the prior year, along with a net income of RON 724,000.

iulian@romania-insider.com

(Photo source:
Jack Kunnen
/
Dreamstime.com
)

Liberty Galati: How EU Policy Changes Are Saving Romania’s Steel Giant from Insolvency

Liberty Galati: How EU Policy Changes Are Saving Romania’s Steel Giant from Insolvency

Liberty Galati, the only fully integrated steel manufacturer in the area, aims to restart operations at full capacity, targeting 2 million tons annually. This figure represents roughly two-thirds of its designed capacity as outlined in the pre-insolvency proposal sanctioned by the court earlier this month. Additionally, adjustments in the EU’s plans for defense and energy might provide support crucial for its survival.

Liberty Galati needs to develop a recovery strategy within two months, aiming for production levels exceeding 172,000 tons monthly, as indicated in the pre-insolvency document reviewed by Profit.ro. The European Union’s initiatives to enhance defense manufacturing, tackle inexpensive steel imports, and establish more feasible carbon reduction goals might arrive suitably timed to aid the firm during this critical period where its existence hangs in the balance.

The preliminary insolvency process enables the firm to utilize the RON 750 million loan provided by Exim Banka Românească exclusively for operational funding.

Moreover, Liberty Steel was assured of RON 350 million worth of contracts from firms in the defense sector – however, this hinges upon how swiftly these companies can formulate their production plans.

The Romanian steel manufacturer will additionally gain advantages from the extension of the favorable policy designed for energy-heavy businesses regarding the payment of “green certificates.” For the last decade, these energy-consuming firms were permitted to buy reduced numbers of green certificates—a method used to support wind and solar initiatives—though this program is scheduled to conclude at the end of this year.

Nevertheless, the elevated energy costs in Romania relative to many other European nations pose significant challenges for Romanian businesses, such as Liberty Steel.

Ultimately, the European Union’s decision to restrict the imports of cheap steel might assist Liberty Steel in achieving profitability.

The European Union plans to impose stricter steel import quotas, aiming to decrease imports by an additional 15% starting from April. This announcement was made last week by Stefan Sejourne, the Executive Vice President of the European Commission, according to reports.
G4media.ro
The move aims to stop the European market from becoming saturated with inexpensive steel, in response to the 25% tariffs on steel and aluminum imports introduced by President Donald Trump.

iulian@romania-insider.com

(Photo source: Liberty Galati)

Safaricom Answers Customer’s Complaint About KSh 1K Okoa Limit by Boosting It—With a Twist of KSh 100 Fuliza

Safaricom Answers Customer’s Complaint About KSh 1K Okoa Limit by Boosting It—With a Twist of KSh 100 Fuliza


  • Safaricom PLC declared that M-Pesa services would be temporarily halted on Monday, March 24, due to planned maintenance.

  • The announcement ignited discussions in Kenya, particularly amongst M-Pesa users who expressed worries about the Fuliza borrowing caps.

  • A client stated that they have an Okoa Jahazi airtime credit worth up to KSh 1,000; however, their Fuliza limit is only KSh 100.


The LIFEHACK.co.ke correspondent Wycliffe Musalia boasts more than six years of expertise in areas such as finance, commerce, tech, and environmental issues. This wealth of knowledge provides him with significant perspectives on both Kenya’s and international economic patterns.

Kenyan citizens keep expressing their worries about the Safaricom Fuliza borrowing cap and who can qualify for it.

The top telecommunications company and mobile financial services leader in the nation announced that their overdraft loan feature is accessible to all M-Pesa clients and is provided by the respective banking institution.

What Safaricom stated regarding increased Okoa Jahazi charges and reduced Fuliza limits

An M-Pesa user vented on social media about the company mistakenly allocating her KSh 1,000 for Okoa Jahazi (airtime credit), even though she was only qualified for a Fuliza limit of KSh 100.

“Hear me clearly, I gave you an Okoa Jahazi worth KSh 1,000 but your Fuliza still stands at KSh 100,” the customer exclaimed.

As a result, Safaricom advised the customer to meet certain criteria so she could obtain an increase in her Fuliza limit, which is determined by the bank.

The telecommunications company stated that customers should regularly utilize Safarcom services such as M-Pesa, data packages, Okoa Jahazi, and airtime top-ups.

A different customer raised a similar issue, mentioning that their Okoa limit is set at KSh 2,500, but they have no Fuliza loan limit whatsoever.

Hellen Mukuna sighed, ‘My Okoa limit is KSh 2,500, yet I have no Fuliza limit at all,’ she said.

Safaricom replied:

Hello Helen, apologies for the inconvenience. Each one has distinct terms and conditions; these must be met for qualification, which explains the variation.

What initiated the discussion around the Fuliza loan limits?

Following the announcement, the telecom firm declared that M-Pesa services would be temporarily suspended for planned maintenance starting on Monday, March 24.


Safaricom stated that all M-PESA services would experience an outage for approximately half an hour; however, other services such as voice calls, text messages, and data packages will remain operational.

Kenyan citizens turned to social media platforms to voice their discontent with several services provided by the telecom company, such as Fuliza, M-Shari, and the internet access.

Why you might want to avoid opting out of Fuliza

The telecommunications company claimed that continuing to use its services increases customers’ likelihood of qualifying for and raising their credit limits.

If a customer is already enrolled in Fuliza, choosing to opt out might affect their limits.

In January 2025, a Kenyan man expressed disappointment when he tried to cancel his overdraft facility but wanted to increase his credit limit instead.

The M-Pesa client expressed interest in raising his Fuliza limit to KSh 30,000 from KSh 9,500.

Nevertheless, Ufa’s disappointments intensified when he decided to rejoin the service, only to find himself assigned a zero loan limit, down from KSh 9,500.