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McArthurGlen UK, the group behind outlet shopping centres such as Cheshire Oaks, has declared a substantial dividend to its owner following a surge in sales and profit. The company issued a dividend of £58.9m for 2023, a significant increase from the £2.2m paid out in 2022.
According to recently filed accounts with Companies House, the group's revenue leapt from £128.4m to £164m within a year. Over the same period, its pre-tax profit also climbed from £15.7m to £44.3m, as reported by City AM.
In the UK, McArthurGlen operates sites in locations including Cheshire Oaks, Ashford, Bridgend, South Normanton, Swindon, Cannock, and York. The company also runs 18 locations across Europe and one in North America.
Sales at the UK-based Cheshire Oaks site rose from £40.2m to £43.9m, while European
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