The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The high-end label best known for its stylish ski wear intends to go public on the Nasdaq later this year.
The bridge loan financing will be used to support growth and fuel international expansion, the company said in a statement Monday. Laidlaw Venture Partners brokered the transaction, while Montrose Capital Partners sponsored the deal.
Perfect Moment was founded in 1979 by former ski racer and filmmaker Thierry Donard. After an initial investment in the brand in 2008, businesswoman Jane Gottschalk and her financier husband Max Gottschalk took control of the business in 2010, relaunching it into an Instagram skiwear favourite often spotted on celebrities like Emma Roberts, Nicky Hilton and the Duchess of Cambridge.
Since its reboot, the brand has expanded into activewear and swimwear.
In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.