Perfect Moment Appoints Top Fashion Executive, Rosela Mitropoulos, to Head of Business Development and Lead Global Multi-Channel Expansion

Rhea-AI Summary

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.

Positive

• Appointment of experienced executive with proven 3x growth track record
• Strategic expansion into retail with first seasonal store in SoHo, NYC
• New high-profile partnership with Johnnie Walker for co-branded products

Negative

• None.

LONDON--(BUSINESS WIRE)-- Perfect Moment Ltd. (NYSE American: PMNT), the high-performance, luxury skiwear and lifestyle brand that fuses technical excellence with fashion-led designs, has appointed Rosela Mitropoulos as head of business development.

Top fashion executive, Rosela Mitropoulos, joins Perfect Moment (Photo: Business Wire)

In this new position, she will lead the development and execution of the company’s global sales strategy for wholesale, online marketplaces and directly operated retail stores.

Mitropoulos brings to Perfect Moment more than 15 years of experience and achievement in the fashion industry, including leading the expansion of global wholesale, franchising, and development of major marketplace partnerships.

“Rosela’s proven leadership in driving multi-channel expansion aligns with our strategic goals for increasing revenue, expanding margins and gaining market share,” stated 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.”

Mitropoulos previously served as business development officer at ERDEM, an independent fashion house focused on women, where she 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).

She earned her bachelor’s degree in Fashion Management from IED Milano and degree in International Economics and Management from University of Verona. She is also fluent in Italian, English and Spanish.

Mitropoulos commented: “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.”

“I also see valuable strategic opportunities in expanding Perfect Moment's wholesale network, building and enhancing our partnerships with high-profile partners, and laying the groundwork for even greater success,” added Mitropoulos. “This includes our new collaboration with Diageo’s Johnnie Walker—the world’s most popular Scotch Whiskey.”

The company has become one of the most followed luxury ski brands in the world through a wide range of marketing activities which has attracted global media coverage. This includes the recent co-marketing launch of the new limited-edition Johnnie Walker Blue Label Ice Chalet, with the bottle and convertible bag designed by Perfect Moment.

Perfect Moment also simultaneously launched its new Ice Chalet capsule skiwear collection for both women and men featuring coordinating designs. The new limited release is being showcased at a series of global events in partnership with Johnnie Walker, including events in London and New York in October, with consumer experiences at luxury Après-ski locations scheduled for the Winter season.

After achieving significant global expansion through high-end retailer and eCommerce channels, Perfect Moment recently opened its first seasonal store in the SoHo neighborhood of New York City.

About Perfect Moment

Founded in 1984 in the mountains of Chamonix, Perfect Moment is a high-performance luxury skiwear and lifestyle brand. It blends technical excellence with fashion-forward designs, creating pieces that effortlessly transition from the slopes to the city, the beach, and beyond.

Initially the vision of extreme sports filmmaker and professional skier Thierry Donard, the brand was built on a sense of adventure that has sustained for over 20 years. Donard, fueled by his personal experiences, was driven by a desire to create pieces that offered quality, style and performance, pushing the wearer in the pursuit of every athlete’s dream: to experience ‘The Perfect Moment.’

In 2010, British-Swiss entrepreneurial couple Jane and Max Gottschalk took ownership of the brand. Under Jane’s creative direction Perfect Moment was injected with a new style focus, one that reignited the spirit of the heritage brand, along with a commitment to improving fit, performance and the use of best-in-class functional materials. As such, the designs evolved into distinct statement pieces synonymous with the brand as we know it today.

Today, the brand is available globally, online and via key retailers, including MyTheresa, Net-a-Porter, Harrods, Selfridges, Saks, Bergdorf Goodman and Neiman Marcus.

Learn more at www.perfectmoment.com.

Important Cautions Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based on our current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ from those contained in the forward-looking statements, include those risks and uncertainties described more fully in the section titled “Risk Factors” in the final prospectus for our initial public offering and in our Form 10-K for the fiscal year ended March 31, 2024, filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release are made as of this date and are based on information currently available to us. We undertake no duty to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241113431379/en/

Company Contact

Jeff Clayborne, CFO

Perfect Moment

Tel +44 (0)204 558 8849

Email contact

Investor Contact

Ronald Both or Grant Stude

CMA Investor Relations

Tel (949) 432-7566

Email contact

Source: Perfect Moment Ltd.

FAQ

Who is the new head of business development at Perfect Moment (PMNT)?

Rosela Mitropoulos has been appointed as head of business development at Perfect Moment, bringing over 15 years of fashion industry experience.

What is Perfect Moment's (PMNT) recent retail expansion strategy?

Perfect Moment has opened its first seasonal store in New York's SoHo neighborhood and is focusing on expanding its wholesale network and marketplace partnerships.

What is Perfect Moment's (PMNT) latest brand collaboration?

Perfect Moment has collaborated with Johnnie Walker to launch a -edition Blue Label Ice Chalet bottle and bag design, alongside a coordinating skiwear collection.