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Fashion Network
2 days ago
- Business
- Fashion Network
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.'
Daily Record
3 days ago
- Entertainment
- Daily Record
'I worked at Boots and this little known perfume may be the scent of summer'
For the perfume fans among us, summer always presents an opportunity to find a new scent. With so many bottles on the market, many of us go for ones that are well known. However, amongst the Marc Jacobs and Hugo Boss offerings that tend to be bestsellers at this time of year, there are a few alternative options amongst them that are worth giving a go. One of them is the newly launched Zadig, by Parisian fragrance house, Zadig & Voltaire, a 'floriental woody fragrance for women' that, despite being a new addition to the market, has already earned glowing praise from one perfume fanatic. Bethan Shufflebotham of the Manchester Evening News, who used to work on the health and beauty chain's perfume counter, spotted this light, creamy coloured perfume on a recent store visit and said she "didn't know whether to shout about it from the rooftops, or keep it a closely guarded secret." After she couldn't resist spritzing the perfume, which boasts a unique wing-inspired bottle, the former Boots employee shared her full thoughts which can be found just below. "The result is a warm, smoky and incredibly moreish scent you can't help but keep going back to. It's feminine but powerful and a little edgy, like those cool girls that pull off a leather jacket thrown over a silk slip dress. "When I look at my perfume collection, it is pretty vanilla heavy, which is perhaps why I was so drawn to Zadig. According to perfume experts on TikTok, fragrances with similar profiles will tend to be housed in a bottle of a similar colour, which is a hack that comes in super handy when shopping fragrances online, or if you don't want to smell every bottle in store to find something you like. "With that theory in mind, some alternatives may include the likes of YSL Libre, which also contains orange blossom and vanilla. Zadig also says their wing-inspired bottle is symbolic of freedom, with Libre translating to 'free' in French. " Burberry Goddess would be another great choice, boasting key notes of vanilla and lavender. And coincidentally, Amandine Clerc-Marie was involved in crafting this popular 2023 scent, too. Despite being new to the market, Zadig is already holding its own, and has gained popularity with fans of Alien, Flowerbomb and Fame. One said: 'I'm usually quite pernickety about sweet fragrances but this was not overpowering at all. In fact I was regularly complimented when wearing it. It's a bit more tart than YSL Black Opium but I quite like that.' 'This is one of the best perfumes I've smelt in a while,' said another. 'It has a gorgeous fragrance and lasts all day. Quite a few people have commented when I wear it, I absolutely love it.' A third penned: 'Absolutely loved this. Gorgeous bold smell and really did last all day from one squirt. Usually wear Flowerbomb and this is a good rival for similar scent, but this is the longest lasting I've ever found.' The fragrance is also vegan and made from 89% natural-origin ingredients, plus the bottle is refillable, making it more sustainable than some other bottles available. However, some shoppers weren't so keen on the wing design. 'I absolutely love the scent of this fragrance. At first it smells quite strong but becomes subtle quite quickly, however I could still smell it on me 5+ hours later. I'm not a big fan of the statement bottle, which is why it's lost a star from me.' While the scent profile has earned much praise, some wearers (as above) report it lasting five plus hours, others note that it fades more quickly. Beauty deal of the week Looking for last minute gift inspiration for dad ahead of Sunday, June 15. Then don't fret, as we have you covered, as no-one can go wrong with a new bottle of cologne, and we have spotted Versace's The Dreamer for him Eau de Toilette for 67 percent less at Superdrug. Hailed for being "underrated" and "truly unique", a large 100ml bottle of this fragrance has been dropped from £74 to £24, allowing you to make a huge saving of £50 and get in a thoughtful gift. Described as "warm" and "fresh", Versace's Dreamer is an aromatic fragrance that, while belonging to the cologne family, is said to boast a variety of notes that make it suitable for both men and women. The scent opens on vibrant notes of juniper, tarragon, and artemisia, before blending into heart notes of iris, lily and flax flowers to add a touch of softness. It then ends on a comforting base of tobacco blossom and amber, offering a smoky, luxurious finish. The transparent, clear fragrance itself is housed in an opulent glass bottle that has been embossed with the iconic medusa logo, representing the luxury aesthetic of the iconic fashion house. Versace's Dreamer EDT has managed to earn glowing reviews and a 4.6 rating from shoppers, with one saying: "Truly unique and dreamy fragrance. It's a great fragrance but it's underrated. Guys you have to try this one, it's great for all year round." And someone else wrote: "Not to be overlooked. This is a lesser known Versace men's fragrance but oh my it is gorgeous ! Hubby loved it and amazing value for money." Versace's The Dreamer For Him Eau de Toilette (100ml) can be bought for 67 percent less at Superdrug now. One shopper who usually wears Fame or Alien said: 'Upon spraying a bit onto a sample stick I was not expecting to be wowed at all. How wrong I was. It smelled amazing. "Very reminiscent of my beloved long time signature scent of Alien. So I doused myself in the stuff before leaving the store. Went home and straight onto Boots online. "Decided to order myself the biggest bottle as best value for money. It's also refillable which also scores big brownie points with me. I've worn it once since it arrived and received many compliments on my scent and I've told everyone about 'Zadig''. Finishing her own review, Bethan added: "I will be honest I'd never heard of the brand or the perfume itself until I happened by it accidentally. I am saving mine for special occasions so as not to overwear it. "My only niggle is that I don't think the scent lasts all day as I couldn't smell it after a few hours unlike Alien and Fame. So even though it was a perfume as opposed to an EDT I feel they need to work on the longevity of the wear somehow." Perfume fans looking to try out the little known Zadig & Voltaire - ZADIG Eau de Parfum (90ml) can buy it for £110 from Boots now.
Reuters
4 days ago
- Business
- Reuters
CoverGirl parent Coty exploring sale, WWD reports
June 16 (Reuters) - Beauty company Coty (COTY.N), opens new tab is seeking buyers for a selloff in two parts, fashion trade publication WWD reported on Monday, citing multiple industry sources. The company intends to sell both its luxury segment, which houses brands such as Hugo Boss, Gucci and Burberry, and its consumer division, including CoverGirl and Max Factor, the report said. U.S.-listed shares of Coty jumped 7% during afternoon trading. However, the stock has fallen nearly 25% this year as the company grapples with a worsening macroeconomic environment and President Donald Trump's erratic trade policy. The company cut its annual profit forecast and postponed its investor day in May, and said that although its tariff exposure was low, it planned to shift some production from Europe to the U.S. while broadening its sourcing of raw materials outside China. Coty was in discussions with premium perfume maker Interparfums ( opens new tab about the sale of its luxury business, the report said, adding that the talks were in early stages. Coty said it does not comment on rumor and speculation, while Interparfums did not immediately respond to a Reuters request for comment.
Fashion Value Chain
6 days ago
- Business
- Fashion Value Chain
TrusTrace Unveils New Playbook to Strengthen Supply Chains
Leading supply chain traceability platform TrusTrace has released its 4th Industry Playbook titled The Data Advantage: A Practical Guide to Building De-risked, Compliant and Future-Ready Supply Chains. The launch took place at the Global Fashion Summit in Copenhagen, amid growing calls for transparency, accountability, and data-driven decision-making in fashion sourcing. Central to the playbook is the TrusTrace Compliance Canvas™, a strategic framework designed to help brands and manufacturers collaborate on collecting essential supply chain data while reducing reporting burdens. Key Industry Voices Featured: The guide includes insights from leading brands adidas, Hugo Boss, and Primark, and suppliers such as Epic Group, Karacasu Tekstil, and Impetus Group. Their case studies reveal the challenges of meeting rising ESG expectations, the urgency of creating standardized frameworks, and the importance of verifiable, digital records in a fragmented regulatory environment. Experts from Policy Hub, Textile ETP, and LSE's Grantham Research Institute also share forward-looking insights on legal and climate risks, reinforcing the urgent need for better data practices. Core Pillars of the Playbook: The Minimum Data Package: A streamlined list of critical data points for compliance Data Requirement Breakdown: What's needed under emerging ESG regulations Real-world Case Studies: Experiences from brands and suppliers managing traceability Executive Risk Briefing: Guidance on how data can mitigate reputational and compliance risks TrusTrace CEO Shameek Ghosh emphasized that as supply chain data becomes central to compliance and sustainability, brands must move beyond intention to infrastructure. Author and sustainability journalist Brooke Roberts-Islam adds, 'Despite huge data efforts, what's collected is often just documentation, not actual impact metrics. This playbook is a pragmatic response to that gap.' Download the full playbook:
AU Financial Review
7 days ago
- Business
- AU Financial Review
Britain's retail tough guy, Mike Ashley, sets his sights on Australia
Mike Ashley is always spoiling for a fight. And the teenage squash coach turned sports shop owner turned British retailing tycoon has plenty of experience. He's been in boardroom brawls, sued the Newcastle United Football Club, which he once owned, and accused Morgan Stanley of 'snobbery' over a $1.4 billion margin call on his position in Hugo Boss. Now Ashley, the majority owner of London-listed Frasers Group, one of the biggest retailers in the United Kingdom, has set his sights on Australia's sporting goods market. In front of him is an $8.4 billion sector in a sports-mad country that has been long dominated by Rebel Sport.
