{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/651c19a79b495d0012adec42/6a86fdbac71d02aaba43acc1?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"What's going on at Magnet?","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/651c19a79b495d0012adec42/1787231703178-faef7d70-5349-43e1-ae4d-274461a2823e.jpeg?height=200","description":"<p><br></p><p><strong>Welcome to The kbbreview Podcast, the show all about the ins and out and ups and down of being an independent kitchen and bathroom retailer.</strong></p><p><br></p><p>And this is a surprise bonus episode before we officially start our new season in a couple of weeks time as we managed to catch up with <strong>Sophie Rose</strong> the CEO of <strong>Magnet </strong>to get an update on what's happening with them.</p><p><br></p><p>And, as I'm sure you've been following, a lot has happened in the last few months.</p><p><br></p><p>The business returned to quarterly profit in late 2025 for the first time since 2019. Then Nobia exited the UK, selling Magnet to private equity firm Alteri Partners - just a few months after Sophie Rose took the helm.</p><p><br></p><p>But the turnaround story has remained challenging – this summer Magnet proposed a CVA to tackle historic property costs, including immediate plans to close 15 underperforming stores.&nbsp;</p><p><br></p><p>So, after a year of new ownership, new leadership and some very significant financial restructuring, where does one of the UK kitchen market’s biggest names go from here?</p><p><br></p><p><strong>Here is kbbreview's very own George Dean in conversation with Sophie Rose…</strong></p><p><br></p><p><br></p>","author_name":"kbbreview, Andrew Davies"}