Homewares company Portmeirion Group has secured a $2.7 million refund from the US Treasury as part of a tariff repayment claim.
The Stoke-on-Trent-based firm said the payment is the latest instalment of a $3 million claim submitted through the US Customs and Border Protection (USCBP) Consolidated Administration and Processing of Entries (CAPE) system.
Portmeirion Group said the funds will be used to reduce its net debt in line with its stated priority of maintaining a ‘Fortress Balance Sheet’.
A company statement said: “This payment, when combined with payments totalling $0.3m received in April and May, settles 98% of the total $3.0m (c.£2.3m) claim. In addition, the US Treasury has also paid interest totalling $0.1m.
“The Group continues to believe 100% of the claim will be settled and will not make a further announcement on this matter.”
Portmeirion Group reported a pre-tax loss of £7.2 million for 2025, attributing US tariffs, higher energy and labour costs, and the short-term effects of an ongoing transformation plan as contributing factors.
A series of senior appointments have been made in recent months, including two former Denby executives announced earlier this week.
