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Perfect Moment reports preliminary annual loss

Perfect Moment reports preliminary annual loss

Fashion Network6 hours ago

Still, digital engagement and brand visibility continued to surge in fiscal 2025. Content featuring Perfect Moment reached more than 934 million people organically.
Digital media coverage drove over 16.6 billion monthly unique visitors globally over the 12-month period, up 108% year-over-year, while social media followers grew 15% to over 440,000 across Instagram, Facebook, and TikTok.
The year also included high-profile collaborations with Johnnie Walker Blue Label and the BWT Alpine Formula 1 Team.
'This past year has been one of consolidation and transformation,' said Perfect Moment chairman, Max Gottschalk.
'We've taken decisive steps to meaningfully upgrade our management team, address inefficiencies and instill a culture of operational discipline. I'm extremely excited about the trajectory we are now on—and this is just the beginning.'
Under a new senior leadership team, which includes talent from Canada Goose, LVMH, and Timberland, Perfect Moment has begun executing a focused strategy aimed at long-term profitability and brand equity growth.
Notably, the London-headquartered luxury skiwear brand secured over $12.7 million in wholesale pre-orders for its Autumn/Winter 2025 season, up 30% over the prior year and a new company record (excluding past collaborations). Since September, Perfect Moment has also signed five new regional agencies and opened 50 new accounts globally, expanding its sales footprint.
The launch of U.S. and European distribution hubs, along with enhanced logistics, has led to lower duties and operating expenses. Moreover, the brand has reduced its reliance on promotions.
Looking ahead, the company plans to expand beyond ski into year-round luxury outerwear and accessories.
'Our strategy is clear: to expand from slope to après, blending technical performance with fashion-led design across seasons,' said Jane Gottschalk, president and chief creative officer. 'We have built a community, not just a customer base, and we are ready to take our brand to the next level.'

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Perfect Moment reports preliminary annual loss
Perfect Moment reports preliminary annual loss

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Perfect Moment reports preliminary annual loss

Perfect Moment said preliminary full-year revenue is expected to decline 12% to $21.4 million, despite a 2.6% increase in revenue in the fourth quarter. Excluding Hugo Boss collaboration revenue, which concluded in fiscal 2024, annual revenue rose approximately 1% year-over-year. The revenue decline was partly attributed to the bankruptcy of Matches Fashion, one of the brand's largest wholesale partners, as well as increased investments in leadership, infrastructure, and brand repositioning. As a result, the company expects to report a net loss of approximately $16 million for the year. Still, digital engagement and brand visibility continued to surge in fiscal 2025. Content featuring Perfect Moment reached more than 934 million people organically. Digital media coverage drove over 16.6 billion monthly unique visitors globally over the 12-month period, up 108% year-over-year, while social media followers grew 15% to over 440,000 across Instagram, Facebook, and TikTok. The year also included high-profile collaborations with Johnnie Walker Blue Label and the BWT Alpine Formula 1 Team. 'This past year has been one of consolidation and transformation,' said Perfect Moment chairman, Max Gottschalk. 'We've taken decisive steps to meaningfully upgrade our management team, address inefficiencies and instill a culture of operational discipline. I'm extremely excited about the trajectory we are now on—and this is just the beginning.' Under a new senior leadership team, which includes talent from Canada Goose, LVMH, and Timberland, Perfect Moment has begun executing a focused strategy aimed at long-term profitability and brand equity growth. Notably, the London-headquartered luxury skiwear brand secured over $12.7 million in wholesale pre-orders for its Autumn/Winter 2025 season, up 30% over the prior year and a new company record (excluding past collaborations). Since September, Perfect Moment has also signed five new regional agencies and opened 50 new accounts globally, expanding its sales footprint. The launch of U.S. and European distribution hubs, along with enhanced logistics, has led to lower duties and operating expenses. Moreover, the brand has reduced its reliance on promotions. Looking ahead, the company plans to expand beyond ski into year-round luxury outerwear and accessories. 'Our strategy is clear: to expand from slope to après, blending technical performance with fashion-led design across seasons,' said Jane Gottschalk, president and chief creative officer. 'We have built a community, not just a customer base, and we are ready to take our brand to the next level.'

Perfect Moment reports preliminary annual loss
Perfect Moment reports preliminary annual loss

Fashion Network

time6 hours ago

  • Fashion Network

Perfect Moment reports preliminary annual loss

Still, digital engagement and brand visibility continued to surge in fiscal 2025. Content featuring Perfect Moment reached more than 934 million people organically. Digital media coverage drove over 16.6 billion monthly unique visitors globally over the 12-month period, up 108% year-over-year, while social media followers grew 15% to over 440,000 across Instagram, Facebook, and TikTok. The year also included high-profile collaborations with Johnnie Walker Blue Label and the BWT Alpine Formula 1 Team. 'This past year has been one of consolidation and transformation,' said Perfect Moment chairman, Max Gottschalk. 'We've taken decisive steps to meaningfully upgrade our management team, address inefficiencies and instill a culture of operational discipline. I'm extremely excited about the trajectory we are now on—and this is just the beginning.' Under a new senior leadership team, which includes talent from Canada Goose, LVMH, and Timberland, Perfect Moment has begun executing a focused strategy aimed at long-term profitability and brand equity growth. Notably, the London-headquartered luxury skiwear brand secured over $12.7 million in wholesale pre-orders for its Autumn/Winter 2025 season, up 30% over the prior year and a new company record (excluding past collaborations). Since September, Perfect Moment has also signed five new regional agencies and opened 50 new accounts globally, expanding its sales footprint. The launch of U.S. and European distribution hubs, along with enhanced logistics, has led to lower duties and operating expenses. Moreover, the brand has reduced its reliance on promotions. Looking ahead, the company plans to expand beyond ski into year-round luxury outerwear and accessories. 'Our strategy is clear: to expand from slope to après, blending technical performance with fashion-led design across seasons,' said Jane Gottschalk, president and chief creative officer. 'We have built a community, not just a customer base, and we are ready to take our brand to the next level.'

Taiwan's Porter International enters Italian market at Pitti Uomo
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Taiwan's Porter International enters Italian market at Pitti Uomo

Porter International, the Taiwanese label known for its functional backpacks and shoulder bags, has entered the Italian market with a debut pop-up at Flow Store in Florence, coinciding with the 108th edition of Pitti Uomo. 'Italy is a key part of our international growth strategy,' said founder and owner Andy Lin in an interview with The Florence activation marks the brand's first move toward adapting its offering to European consumers and sets the stage for further expansion across the region. 'While directly operated stores are part of our long-term plan, our current priority is building strong partnerships with local retailers,' Lin added. Founded in 2001, Porter International has established itself as one of Taiwan's most iconic accessories brands, widely recognized for its bestselling New Heat collection. 'It's been our top performer for more than two decades. We've refined the design over time-based on customer feedback to match evolving lifestyles,' Lin said. To mark its Italian debut, the brand unveiled an exclusive preview of the New Heat collection in a new Deep Blue colorway. The updated line will be available starting in October at twelve select retailers across Italy, including stores in Florence, Milan, Genoa, Brescia, and La Spezia. Spanning backpacks, shoulder bags, totes and messenger styles, the New Heat pieces are made from high-density nylon, featuring seatbelt-inspired straps and details. Inspired by New York City police uniforms, each bag includes an original flashlight imported from the U.S. and a detachable leather keychain. Globally, Porter International operates across six countries, with distribution via 21 multi-brand stockists and 86 standalone stores, including shop-in-shops in major department stores. The brand plans to open another store this June, followed by three more in Taiwan by the end of 2025. 'Taiwan is undergoing a decade of major retail expansion, particularly in the department store sector, and we're excited to grow alongside that momentum,' Lin said. 'We also intend to increase our presence in China with more store openings by the end of 2025.' Although the company does not disclose its revenue, Lin described 2023 as a high-growth year. 'By contrast, 2024 has been more challenging, with sales down about 5% year-on-year. However, our department store business has remained relatively stable.' Despite ongoing macroeconomic pressures, the brand continues to perform strongly in its core markets—Taiwan, Hong Kong and Singapore. 'We remain confident in meeting our 2025 goals,' Lin concluded.

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