PERFECT MOMENT LTD - PMNT STOCK NEWS

Perfect Moment (NYSE American: PMNT) has partnered with luxury fashion sales agency CD Network to expand its wholesale distribution in North America. The partnership aims to increase brand visibility and drive sales of Perfect Moment's Fall/Winter 2025 collection through CD Network's New York City showroom in Hudson Yards. The collaboration focuses on expanding presence in luxury retailers and exclusive boutiques while complementing e-commerce channels. The company targets the luxury ski apparel market, expected to reach $1.5 billion in 2024 with a 6.5% CAGR through 2031, and the luxury outerwear market, projected at $15.9 billion in 2024 with a 7% CAGR through 2031.

Perfect Moment (NYSE American: PMNT), a luxury skiwear and lifestyle brand, will present at the ROTH 13th Annual Deer Valley Event in Park City, Utah from December 11-14. Co-founders Max Gottschalk and Jane Gottschalk will meet with institutional analysts and investors to discuss the company's growth and recent initiatives.

The brand recently collaborated with Diageo to launch the -edition Johnnie Walker Blue Label Ice Chalet, featuring bottle and bag designs by Perfect Moment, alongside an Ice Chalet capsule skiwear collection. Following its February IPO and market expansion, the company opened its first seasonal store in New York's SoHo district in October.

Perfect Moment (NYSE American: PMNT) reported fiscal Q2 2025 results with mixed performance. Total net revenue declined 35% to $3.8 million year-over-year, primarily due to the conclusion of a Hugo Boss collaboration. eCommerce gross revenue increased 27% to $1.7 million, while wholesale revenue decreased 4% to $2.7 million. The company's gross margin was 54.0%, down from 55.7% in the year-ago quarter. Notable operational developments include opening their first seasonal retail location in New York's SoHo district and establishing a U.S. fulfillment center. The company reported a net loss of $2.7 million or $(0.17) per share.

Perfect Moment (NYSE American: PMNT) has appointed Rosela Mitropoulos as head of business development to lead the company's global sales strategy across wholesale, online marketplaces, and retail stores. Mitropoulos brings over 15 years of fashion industry experience, notably driving 3x growth at ERDEM. She previously held senior roles at Nicholas Kirkwood, Anya Hindmarch, and Vionnet. The appointment aligns with Perfect Moment's expansion strategy, including its recent collaboration with Johnnie Walker Blue Label and the opening of its first seasonal store in New York's SoHo neighborhood.

Perfect Moment (NYSE American: PMNT), a luxury skiwear brand, will present at two major investor conferences in October 2024: the LD Micro Main Event XVII in Los Angeles and the ThinkEquity Conference in New York. The company will showcase its recent collaboration with Diageo on the -edition Johnnie Walker Blue Label Ice Chalet, featuring a unique bottle design and convertible bag. Perfect Moment is also launching an Ice Chalet capsule skiwear collection and opening its first seasonal store in New York's SoHo neighborhood by October end. The company will host one-on-one meetings with investors and analysts at both conferences, discussing its market expansion through high-end retail and e-commerce channels.

Perfect Moment (NYSE American:PMNT) has opened its first U.S.-based warehouse and distribution center in Dallas, Texas, partnering with Quiet Platforms. The facility enables faster shipping options, including two-day and overnight delivery for North American customers, previously unavailable from their UK center. The company's U.S. sales reached nearly $10 million, representing over 40% of total net revenues last fiscal year. The new center will reduce import duties and shipping costs, while implementing Quiet Platforms' AI-powered Click2Door solution for enhanced logistics. This strategic move aligns with Perfect Moment's expansion plans, including their upcoming first physical store in New York's SoHo District.

Johnnie Walker, the world's leading Scotch Whisky, has unveiled the -edition Johnnie Walker Blue Label Ice Chalet in collaboration with luxury skiwear brand Perfect Moment. The launch features actress Priyanka Chopra Jonas as ambassador and showcases a new blend crafted by Master Blender Emma Walker. The product combines Johnnie Walker's iconic square bottle with Perfect Moment's star logo and houndstooth pattern, presented in a deep blue bottle with a bespoke bottle bag that transforms into a reversible crossbody bag.

The collaboration also includes a capsule skiwear collection by Perfect Moment, inspired by the Ice Chalet design. The new blend features whiskies from Scotland's highest elevation distilleries, creating a velvety-smooth whisky with notes of salted honey, cacao, and soft malt. The release will be showcased at global events, starting in London and New York in October, with consumer experiences in luxury Après Ski locations from January. The product will be available globally from October 14th, 2024.

Perfect Moment (NYSE American: PMNT) has expanded its U.S. resale program, Perfect Second Moment, to the UK, France, Italy, and Germany. This global expansion extends the life of Perfect Moment's high-performance luxury skiwear and lifestyle apparel while advancing the company's commitment to sustainability and circular fashion.

The program, powered by Reflaunt's technology, allows customers to return worn Perfect Moment items in exchange for vouchers for future purchases. It aims to decrease waste, provide a more sustainable future, and reward customer loyalty. The expansion addresses the growing global secondhand market, projected to reach $350 billion by 2028 and comprise 10% of the fashion market worldwide by 2025.

Perfect Second Moment aligns with circular fashion principles, helping to reduce textile waste, one of the world's fastest-growing waste streams. The program offers a convenient solution for customers to recoup some of their investment in high-quality Perfect Moment products.

Perfect Moment (NYSE American: PMNT) has launched its new Autumn/Winter 2024 (AW24) collection, featuring high-performance, luxury skiwear and accessories. The collection includes four distinct stories: Chamonix, Trojena, St. Moritz, and Sun Valley, each blending classic styles with innovative designs. Key features include:

- Upgraded fabrications with enhanced four-way stretch capabilities
- 100% Merino wool knitwear and seamless base layers
- Signature Aurora ski pant available in three fits and two lengths
- New accessories line including oversized and jumbo padded totes
- Introduction of an AI-generated 'perfect' ski resort scene print

The launch will be supported by an expanded multi-channel approach, including the opening of Perfect Moment's first seasonal retail location in New York City's SoHo later this month.