Victoria PLC, the United Kingdom-based company that owns Cali and International Wholesale Tile flooring brands, reported revenue of approximately $755 million [£580 million] for the first half of 2024.
The company, facing an estimated 20-25% decrease in industry-wide demand compared to 2019 levels, has implemented a series of cost-saving initiatives to optimize operations and improve profitability as it awaits a market recovery.