Latest news with #MaxGottschalk
Fashion United
08-07-2025
- Business
- Fashion United
Perfect Moment taps the Netherlands for new European warehouse
Luxury skiwear label Perfect Moment has inaugurated a new European warehouse and distribution centre in the Netherlands as it continues to transform its global logistics capabilities. The French brand said the new facility, operated in partnership with Geodis, will replace its warehouses in the UK and Hong Kong, both of which are due to close as part of a restructuring programme to streamline operations and reduce costs. With this, Perfect Moment is expected to reduce the number of logistics touchpoints from factory to customer by more than half, in the hopes of ensuring fast and more efficient fulfillment. In a statement, chairman of the brand, Max Gottschalk, said the new facility 'marks a critical step forward in Perfect Moment's journey' and comes as a 'cornerstone of our broader operational transformation'. Gottschalk continued: 'By centralising key functions and eliminating unnecessary handoffs, we're creating a more agile and efficient platform that we expect will unlock meaningful cost savings and allow us to reinvest in areas that fuel long-term growth – whether that's product innovation, customer experience or international expansion.' To further enhance the brand's turnaround, Perfect Moment has also refreshed its corporate structure to support efforts in aligning operations with commercial priorities. The company said that such changes will help to streamline its supply chain, and thus contribute to 'sustainable increases to our gross margins', ultimately driving value for customers and shareholders. Perfect Moment continues to address financial challenges alongside ambitions to drive forward growth. In FY24, while the brand reported narrowing losses and a revenue uptick, its adjusted EBITDA fell to minus 5.9 million dollars, reflecting operational inefficiencies.
Yahoo
08-07-2025
- Business
- Yahoo
Perfect Moment opens new European warehouse in Netherlands
Luxury skiwear and lifestyle brand Perfect Moment has opened a new European warehouse and distribution hub in the Netherlands as part of the brand's global logistics transformation. The new facility will replace Perfect Moment's previous warehouses in the UK and Hong Kong, which are set to close following a company-wide restructuring initiative. The restructure aims to streamline operations, reduce costs and improve the customer experience. The logistics overhaul is projected to cut the steps involved in the supply chain, decreasing the number of touchpoints from factory to customer from 11 to five. This streamlining will result in swifter and more effective order processing. Perfect Moment chairman Max Gottschalk stated: 'The new distribution facility is a cornerstone of our broader operational transformation, enabling us to streamline our supply chain, accelerate delivery timelines and significantly reduce complexity. 'By centralising key functions and eliminating unnecessary handoffs, we're creating a more agile and efficient platform that we expect will unlock meaningful cost savings and allow us to reinvest in areas that fuel long-term growth – whether that's product innovation, customer experience or international expansion.' The Netherlands-based hub is operated in partnership with global logistics provider GEODIS. The restructuring encompasses an overhaul of the corporate framework to ensure that the flow of operations is more closely aligned with the brand's commercial objectives. Historically, logistics costs have accounted for a higher percentage of company revenues than desired. Although the company recognises that enhancing profit margins is a gradual process, it is anticipated that these strategic changes will lead to consistent and enduring improvements in gross margins. Perfect Moment chief operating officer and chief financial officer Chath Weerasinghe noted the company has already shipped its first deliveries of its Fall/Winter 2025 collection two months than in the previous year, indicating acceleration in market readiness. Weerasinghe stated: 'This transformation allows us to build a supply chain discipline that not only reduces cost but also enhances delivery performance and customer satisfaction. 'We're building a modern, agile supply chain that will support our long-term growth ambitions. These improvements position Perfect Moment with greater operational strength and agility as we head into the important fall and winter seasons, where demand for our brand is at its highest. We're confident this foundation will drive meaningful value for both our customers and shareholders.' In October 2024, Perfect Moment opened its first North American warehouse and distribution centre in Dallas, Texas. "Perfect Moment opens new European warehouse in Netherlands" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Fashion Network
08-07-2025
- Business
- Fashion Network
Perfect Moment opens new European distribution hub in the Netherlands
Luxury skiwear and lifestyle brand Perfect Moment has opened a new European warehouse and distribution hub in the Netherlands, operated in partnership with Geodis. The strategically located facility in Holland replaces the brand's former warehouses in the UK and Hong Kong, which are set to close as part of a restructuring aimed at reducing costs and streamlining operations. With the transition, Perfect Moment expects to cut logistics touchpoints from factory to customer by more than half, slashing the steps involved from 11 to just five. 'This marks a critical step forward in Perfect Moment's journey,' said Max Gottschalk, chairman of Perfect Moment. 'The new distribution facility is a cornerstone of our broader operational transformation, enabling us to streamline our supply chain, accelerate delivery timelines and significantly reduce complexity. By centralizing key functions and eliminating unnecessary handoffs, we're creating a more agile and efficient platform that we expect will unlock meaningful cost savings and allow us to reinvest in areas that fuel long-term growth – whether that's product innovation, customer experience or international expansion.' Perfect Moment has also restructured its corporate operations to better align with the flow of goods and its commercial priorities across key markets. The company anticipates that these efforts will contribute to long-term improvements in gross margins, although gains will build gradually. Under the leadership of COO and CFO Chath Weerasinghe, the brand has already seen early results, including shipping Fall/Winter 2025 deliveries two months ahead of last year's schedule. 'This transformation allows us to build a supply chain discipline that not only reduces cost but also enhances delivery performance and customer satisfaction,' said Weerasinghe. 'We're building a modern, agile supply chain that will support our long-term growth ambitions. These improvements position Perfect Moment with greater operational strength and agility as we head into the important fall and winter seasons, where demand for our brand is at its highest. We're confident this foundation will drive meaningful value for both our customers and shareholders.'
Business Wire
07-07-2025
- Business
- Business Wire
Perfect Moment Opens New European Distribution Hub in the Netherlands as Part of Global Logistics Transformation
LONDON--(BUSINESS WIRE)--Perfect Moment Ltd. (NYSE American: PMNT) ('Perfect Moment' or the 'Company'), the high-performance, luxury skiwear and lifestyle brand that fuses technical excellence with fashion-led designs, is announcing the successful opening of its new European warehouse and distribution hub in the Netherlands, marking a major milestone in its global logistics transformation. Perfect Moment's new facility in Holland will replace its former warehouses in the UK and Hong Kong, which are due to close as part of a broader restructuring initiative to streamline operations, reduce costs, and enhance the customer experience. This transformation is expected to reduce the number of logistics touchpoints from factory to customer by more than half—from approximately 11 steps to just five—enabling faster and more efficient fulfilment. Historically, logistics represented a higher percentage of Company revenues than we've been satisfied with and under the new model, Perfect Moment is working diligently toward a meaningful reduction in logistics costs. 'This marks a critical step forward in Perfect Moment's journey,' said Max Gottschalk, Chairman of Perfect Moment. 'The new distribution facility is a cornerstone of our broader operational transformation, enabling us to streamline our supply chain, accelerate delivery timelines and significantly reduce complexity. By centralizing key functions and eliminating unnecessary handoffs, we're creating a more agile and efficient platform that we expect will unlock meaningful cost savings and allow us to reinvest in areas that fuel long-term growth – whether that's product innovation, customer experience or international expansion.' The Company has also reset its corporate structure to support the streamlined movement of goods across markets, ensuring better alignment between operational flow and commercial priorities. While margin improvement will take time, the Company expects these efforts to increase efficiency and streamline our supply chain to contribute ongoing and sustainable increases to our gross margins. Under the leadership of COO and CFO Chath Weerasinghe, Perfect Moment has already delivered early wins, including shipping its first deliveries of Fall/Winter 2025 product two months ahead of last year's timeline—significantly accelerating its go-to-market speed. 'This transformation allows us to build a supply chain discipline that not only reduces cost but also enhances delivery performance and customer satisfaction,' said Chath Weerasinghe. 'We're building a modern, agile supply chain that will support our long-term growth ambitions. These improvements position Perfect Moment with greater operational strength and agility as we head into the important fall and winter seasons, where demand for our brand is at its highest. We're confident this foundation will drive meaningful value for both our customers and shareholders.' The Netherlands-based hub is operated in partnership with GEODIS, a leading global logistics provider. "We are very proud that Perfect Moment has selected GEODIS as its trusted partner in logistics," states Henk Gerards, Director Operations Benelux at GEODIS. "Our tailored solutions are designed to ensure robust and efficient control over all logistics processes, especially during peak seasons. By collaborating closely with Perfect Moment, we leverage our luxury & retail expertise to support their operational goals and drive success in the competitive marketplace." The warehouse opening represents a key element of the Company's broader operational turnaround and commitment to achieving long-term financial sustainability. Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as 'anticipate,' 'believe,' 'contemplate,' 'could,' 'estimate,' 'expect,' 'intend,' 'seek,' 'may,' 'might,' 'plan,' 'potential,' 'predict,' 'project,' 'target,' 'aim,' 'should,' 'will,' 'would,' or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based on our current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ from those contained in the forward-looking statements, include those risks and uncertainties described more fully in the sections titled 'Risk Factors' in our Form 10-K for the fiscal year ended March 31, 2025, filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release are made as of this date and are based on information currently available to us. We undertake no duty to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. About Perfect Moment Ltd. Founded in Chamonix, France, Perfect Moment is a luxury outerwear and activewear brand that merges alpine heritage with fashion-forward performance. Known for its technical excellence, bold design, and versatile pieces that transition seamlessly from slopes to city, the brand is worn by athletes, tastemakers, and celebrities worldwide. Perfect Moment is traded on the NYSE American under the ticker symbol PMNT. Learn more at
Arabian Post
05-07-2025
- Business
- Arabian Post
Wealth Flight Intensifies: UK to Lose 16,500 Millionaires
A record net outflow of 16,500 high-net-worth individuals is set to leave the UK in 2025, marking the largest wealth exodus recorded globally. This trend, stemming from major shifts in tax policy and visa regulations, signals a turning point in the UK's appeal to the global rich. High earners are relocating in large numbers in response to the scrapping of the non-domicile status in favour of a residency-based taxation regime. Those who have lived in the UK for more than four years now face UK income tax, capital gains tax and a punitive 40% inheritance tax on their worldwide assets. Earlier measures, including the termination of the Tier 1 Investor Visa in February 2022, compounded the impact. Tax advisers report that up to 29% of very high-net-worth individuals are now considering changing their tax domicile. The estimated £66 billion of investable assets expected to leave this year underscores the financial scale involved. ADVERTISEMENT Popular destinations include the UAE, which is projected to attract a net 9,800 millionaires, followed by the US, Italy, Switzerland, and Portugal and Greece. The contrast highlights a shift in global wealth flows, with low-tax jurisdictions offering stability and investment-friendly environments. The departure is not limited to soured perception. Over the past year, more than 4,400 UK-based company directors—mainly in finance, insurance and property—have relinquished their UK roles, with April seeing a 75% rise on the previous year. Prominent figures such as steel magnate Lakshmi Mittal, investor Max Gottschalk, promoter Eddie Hearn and heiress Anne Beaufour are among those affected. Chancellor Rachel Reeves is reported to be reassessing aspects of the inheritance tax on global assets to slow the outflow. The Treasury has expressed intent to ensure international competitiveness while funding public services. Analysts warn that the loss of wealthy taxpayers will not just drain capital; it will affect consumer spending, philanthropy, innovation and jobs. FXGuard co‑founder Trevor Williams notes the UK is the only G10 country facing negative millionaire growth since 2014. Financial firms highlight that each non-dom contributes an estimated £400,000 annually to the economy. Survey data from Oxford Economics indicates up to 60% of non‑dom clients may depart within two years. The Office for Budget Responsibility projects a 12–25% exit rate, though some government estimates suggest a lower 1,000 non‑domils may leave. Globally, this shift appears part of a broader migration pattern. Europe's wealthy are bypassing traditional hubs—France, Spain, Germany—while countries like Italy, Portugal, Switzerland and Greece attract them. Asia and the Middle East, including Saudi Arabia, Thailand, and Singapore, along with Caribbean nations and African beach havens, are emerging as wealth magnets. The phenomenon dubbed 'Wexit' marks a strategic reassessment of where opportunity resides. UK wealth managers and executives argue that while tax reform is vital, excessive burden risks eroding the UK's status as a destination for global capital. Industry watchers caution that unless the UK recalibrates its tax policy balance—particularly inheritance and global asset taxation—it may struggle to compete with jurisdictions that treat capital as a partner rather than prey.
