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Perfect Moment names new head of business development

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3 months ago

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Published



November 13, 2024

Luxury skiwear brand Perfect Moment announced on Wednesday the appointment of Rosela Mitropoulos to the role of head of business development.

Rosela Mitropoulos – Courtesy

​In the new position, Mitropoulos will lead the development and execution of the London-headquartered brand’s global sales strategy for wholesale, online marketplaces and directly operated retail stores.

With over 15 years of experience in the fashion industry, Mitropoulos joins Perfect Moment from luxury women’s fashion brand Erdem, where she served as business development officer, and drove more than 3x growth by opening new channels and expanding wholesale distribution.

She earlier served in a number of senior roles at several leading fashion companies, including Nicholas Kirkwood (LVMH Group), Anya Hindmarch (Mayhoola Group), and Vionnet (Valentino Fashion Group). She began her career in fashion at Roberto Cavalli and Donna Karan (LVMH Group).

“Rosela’s proven leadership in driving multi-channel expansion aligns with our strategic goals for increasing revenue, expanding margins and gaining market share,” said Perfect Moment CEO, Mark Buckley. “She has the perfect skillset to grow our wholesale relationships, online marketplaces and expand further into retail in the U.S. and globally.”

The Chamonix-founded brand has been on an expansion rampage this year, opening its first-ever U.S. store in New York City in October, and its first U.S.-based warehouse and distribution center in Dallas, Texas, in the same month.

“I’m excited to join Perfect Moment at this pivotal stage in its evolution, where it enjoys a tremendous growth opportunity as an increasingly popular global luxury lifestyle brand. Its recent expansion into seasonal retail stores further strengthens and supports our strategy to deepen direct-to-consumer engagement,” concluded Mitropoulos.

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Fashion

Hoka-parent Deckers Outdoor’s forecast disappoints despite solid holiday quarter

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3 hours ago

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January 30, 2025

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By

Reuters

Published



January 31, 2025

Deckers Outdoor on Thursday beat third-quarter sales estimates on robust holiday demand for its Hoka running shoes, but an in-line annual forecast caused the footwear maker’s shares to tumble 17% in extended trading.

Ugg

Hoka shoes with their oversized soles have been gaining market share from brands such as Nike in the sportswear category. The brand, which retails for up to $300 in the United States, have also enjoyed full-price sales.

This drove up the company’s third-quarter revenue by 17% to $1.83 billion, beating analysts’ average estimate of $1.73 billion, according to data compiled by LSEG. Deckers also raised its annual net sales forecast for a second time this year.

“The guidance looks pretty conservative and considering the beat, it’s bit of a negative read into the out quarter,” said Drake MacFarlane, analyst at MScience.

The popularity of the Hoka shoes and the success of the company’s Ugg boots and sandals has helped it post double-digit revenue growth for nearly seven quarters.

The company now expects annual net sales to increase about 15% to $4.9 billion, compared with its prior expectation of about 12% growth to $4.8 billion. Analysts estimated an increase of 14.9% to $4.93 billion.

Deckers expects annual earnings per share of $5.75 to $5.80, compared with its prior forecast of $5.15 to $5.25.

© Thomson Reuters 2025 All rights reserved.



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Amazon ramps up ad spending on Elon Musk’s X, WSJ reports

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3 hours ago

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January 30, 2025

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Reuters

Published



January 31, 2025

Amazon.com is increasing its advertising on billionaire Elon Musk’s social media platform X, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Reuters

The major shift comes after the e-commerce giant withdrew much of its advertising from the platform more than a year ago due to concerns over hate speech.

In 2023, Apple also pulled all of its advertising from X and has recently been in discussions about testing ads on the platform, the report said.

Several ad agencies, tech and media companies had also suspended advertising on X following Musk’s endorsement of an antisemitic post that falsely accused members of the Jewish community of inciting hatred against white people.

Monthly U.S. ad revenue at social media platform X has declined by at least 55% year-over-year each month since Musk bought the company, formerly known as Twitter, in October 2022. He had acknowledged that an extended boycott by advertisers could bankrupt X.

Musk has become one of the most influential figures following President Donald Trump‘s re-election. He now leads the Department of Government Efficiency, which aims to cut $2 trillion in government spending.

© Thomson Reuters 2025 All rights reserved.



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Ferragamo’s sales down 4% in fourth quarter, sees “encouraging results”

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4 hours ago

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January 30, 2025

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By

Reuters

Published



January 31, 2025

Italian luxury goods group Salvatore Ferragamo said on Thursday its revenue dropped by 4% at constant currencies in the fourth quarter, flagging “encouraging results” from its direct-to-consumer sales which were overall flat in the last three months of the year.

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Ferragamo – Spring-Summer2025 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight

Sales in the North American region, which accounted for 29% of total revenue, were up 6.3% in the quarter.
However, the Asia Pacific area saw a 25% drop in revenue at constant exchange rates.

The slowdown in global demand for luxury goods, especially in China, has made the group’s turnaround harder.
Overall preliminary revenues reached 1.03 billion euros in 2024, in line with analysts’ estimates, according to an LSEG consensus.

“January shows an acceleration in our DTC channel’s growth, albeit supported by the different timing of the Chinese New Year and a favourable comparison base versus last year”, Chief Executive Marco Gobbetti said in a statement.
 

© Thomson Reuters 2025 All rights reserved.



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