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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

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

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31 minutes 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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1 hour ago

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January 30, 2025

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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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Spanish beauty group Puig posts 14% rise in holiday sales

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2 hours ago

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January 30, 2025

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By

Reuters

Published



January 31, 2025

Spanish fashion and fragrance company Puig reported a 14.3% rise in fourth-quarter sales on Thursday, beating analyst expectations for the key holiday period.

Charlotte Tilbury

The Barcelona-based company behind perfume brands Rabanne, Carolina Herrera and Jean Paul Gaultier said net sales for the three months to Dec. 31 were 1.36 billion euros ($1.42 billion), above the 1.30 billion euro average forecast from analysts polled by LSEG.

Puig, which generates most of its revenue from fragrance sales, is heavily reliant on the holiday season, with analysts estimating that nearly half of its prestige perfumes are sold in the quarter that includes Black Friday and Christmas.

The company, which also owns luxury skincare and make-up brands Byredo and Charlotte Tilbury, said full-year sales reached 4.79 billion euros ($4.99 billion), up 11% from 2023, surpassing its goal of increasing sales faster than the 6-7% forecast for the global premium beauty market.

The average of analyst estimates was for sales of 4.72 billion euros in 2024, given that it is less exposed to sluggish demand in China and that more than half of Puig’s revenue comes from Europe, the Middle East and Africa while 18% comes from the United States.

The 2024 performance of larger rivals such as Estee Lauder and L’Oreal was hampered by muted demand from China, where a property crisis and high youth unemployment have curbed consumer spending.

Puig said sales in its core fragrance and fashion business grew by 21% in the holiday quarter.

Sales in the make-up division fell 7.2%, with its Charlotte Tilbury brand affected by a voluntary withdrawal of select batches of Airbrush Flawless Setting Spray in December over what Puig described as “an isolated quality issue in a limited number of batches” detected during routine product testing. 

© Thomson Reuters 2025 All rights reserved.



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