What's going on at Magnet?
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. 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 Sophie Rose the CEO of Magnet to get an update on what's happening with them. And, as I'm sure you've been following, a lot has happened in the last few months. 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. 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. 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? Here is kbbreview's very own George Dean in conversation with Sophie Rose…
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