Phoebe Philo has filed its accounts for 2024 at Companies House and unlike some such filings, it includes projections for 2025 revenue, which is handy given that 2024 was still on some levels a start-up year for the business.
Phoebe Philo
So what do the accounts show us? In its second full year of operation, ie 2025, it said revenues have hit £32 million, showing how much the business has ramped up in the latest year, despite its relatively-low-key, slow-and-steady approach.
In its 2024 year, which these accounts cover, turnover was only just under £11.2 million, albeit a lot higher than the £5.2 million of the previous year. Gross profit was £5.7 million, up from £116,264, but the operating loss widened to just under £23.5 million from £21.6 million in 2023.
The loss both before and after tax was £24.38 million, a bigger loss than the £21.77 million of the previous year.
Such losses are only to be expected in the early stages of a company’s development.
The business explained that both 2023 and 2024 were “transformative foundation-building years” for it. And the year in question, which ended on 31 December 2024, actually marked only its first full year of sales. It was one in which the business said it “successfully laid the groundwork for long-term growth and powerful new revenue streams”.
It added that the year was instrumental in shaping its future trajectory as the expected turnover for 2025, which is three times the performance of 2024, shows.
So what has been happening in 2024 and 2025? Well, 2024 saw the launch of its e-commerce platform as well as wholesale development as it struck partnerships with big-name retailers in key global fashion capitals. This continued into 2025 and early last year it opened its first physical store in France, a 50-square-metre space on the first floor of Galeries Lafayette Haussmann in Paris. In November 2024, Phoebe Philo had opened its first shop-in-shop in London at Dover Street Market.
In late 2024, it also expanded into Asia Pacific, which continued in 2025 with physical store Chinese wholesale starting only last September.
It also said it has been seeing “encouraging early traction from distributors and high net worth clientele” in the region.
Some of its other achievements include its social media branding impression growing to 28,6 million in 2024, a 48% year-on-year increase, as well as a 28% return customer rate within the first 18 months of launch.
Alo announced on Saturday the appointment of Benedetta Petruzzo to the role of chief executive of its international operations.
Bernadetta Petruzzo – Courtesy
In her new role, Petruzzo will manage the Los Angeles-based activewear brand’s global operations, focusing on client experience, market strategy and brand identity, as well as its wellness category, according to the company.
A luxury veteran, Petruzzo joins Alo from luxury heavyweight Dior, where she served as managing director. Prior to that, the executive was the CEO of Prada-owned Miu Miu. Earlier in her career, Petruzzo spent five years at Kering Eyewear, operating in various leadership roles, after a five-year stint at consultancy firm, Bain & Co.
Hollywood’s top stars hit the red carpet on Sunday for the Golden Globes, the first major event on the road to the Oscars, and they delivered lots of old-school glamour.
Ariana Grande – AFP
Here is a glance at some of the looks seen at the Beverly Hilton Hotel:
Ever-chic black
Selena Gomez is a newlywed and her happiness shows. The best comedy actress nominee for her work on “Only Murders in the Building” radiated joy as she arrived on the arm of her husband Benny Blanco.
She oozed sophistication in a black Chanel column gown with a frothy white feathered strapless neckline, her black bob swept into soft waves.
Gomez was not alone in striking an understated pose, with lots of stars opting for black or dark, wintry hues.
Teyana Taylor, a winner for her searing turn as a leftist revolutionary in hotly-tipped film “One Battle After Another,” scorched the carpet in a cut-out backless black Schiaparelli gown with a halter neckline — and a cheeky crystal bow on her backside.
Ariana Grande (“Wicked: For Good”), who competed with Taylor for the award for best supporting actress, turned heads in a black textured Vivienne Westwood ballgown with an asymmetrical neckline and a bubble silhouette before trailing to the floor.
Her hair was swept into her signature ponytail, and she kept the jewelry simple with a diamond choker.
Amy Madigan, also in their category for her villainous turn in “Weapons,” went for a tuxedo look with cropped pants and patent leather boots.
Nominee Jenna Ortega embraced the goth chic of her title character in “Wednesday” in a black high-neck Dilara Findikoglu gown with glittering epaulets and cut-offs that revealed a bit of side boob… and part of her hip bone.
Among the male stars in attendance, Colman Domingo was as usual a standout, wearing head-to-toe black Valentino, with silvery appliques scattered from his left shoulder down his lapel to his waist.
Jennifer Lopez is no stranger to strong fashion statements. Her plunging green Versace gown at the Grammys in 2000 is still a reference for winning the red carpet by adopting the “less is more” rule.
On Sunday, Lopez — whose turn in “Kiss of the Spider Woman” was overlooked by Globes voters — wore a figure-hugging sheer gown with bronze patterns snaking over her body, ending in a mermaid fishtail.
Jennifer Lawrence –nominated for best drama actress in a film for “Die My Love” — got the memo as well, rocking a barely-there sheer nude Givenchy gown with only a smattering of strategically placed flowers.
Stars slam deadly ICE shooting
Hollywood never quite has a night out without a bit of politics coming into play.
On Sunday, some of the stars including nominee Mark Ruffalo wore pins with the messages “BE GOOD” — a reference to Renee Good, the Minneapolis woman who was shot and killed by a federal immigration agent.
Comedian WandaSykes wore the same pin on her lapel, while actress Natasha Lyonne, a nominee for her TV show “Poker Face,” attached one to her clutch handbag.
The campaign is endorsed by the American Civil Liberties Union (ACLU), one of the country’s most prominent civil rights organizations.By Frederic J. Brown with Susan Stumme in Washington
L.L. Bean announced on Friday the promotion of company veteran Greg Elder to the role of president and chief executive officer.
Greg Elder – Courtesy
Elder succeeds Stephen Smith, who will depart the American heritage apparel company after ten years as CEO.
Elder will transition into his new role as CEO during the first quarter, with Smith continuing to serve on the board as an adviser until March.
Joining L.L. Bean in 2007, Elder has held several leadership positions at the company, including chief retail officer, his most recent post.
Prior to that, he held leadership roles at Eddie Bauer and Dayton Hudson Corporation, now known as Target. Elder is also a member of the Retail Industry Leaders Association.
“We were deliberate in finding a leader who will continue to honor our brand heritage while positioning us for the next era of growth,” Shawn Gorman, chairman of the board of L.L. Bean said in a statement. “Greg rose to the top because of his deep respect for our history, incredible knowledge of our business, strong track record of results and clear vision for the future.”
Elder will be the Freeport, Maine-based company’s fifth CEO in its 114-year history.
“What makes L.L.Bean truly special is its people and purpose. I’m proud to take on this responsibility alongside such a committed and talented team, and I’m grateful for the trust of the Bean family and our board as we begin this next chapter together,” said Elder.
“I’m also thankful for the past 10 years of leadership and friendship from Stephen Smith, who has led the company with heart and conviction through some particularly challenging seasons.
“This brand has been part of my life for many years, and it has deep personal meaning for me to accept this role. Our heritage, our connection to the outdoors and our culture of service and craftsmanship are powerful foundations. At the same time, we have an opportunity and a responsibility to keep evolving: to sharpen our product focus, deepen our connection with customers and ensure L.L.Bean remains relevant and inspiring for the next generation.”
Politics8 years ago