Perfect Moment boosts team with new talent from Canada Goose

LONDON - Perfect Moment Ltd. (NYSE American: PMNT), a luxury skiwear and lifestyle brand known for combining high performance with fashion-forward design, has announced the expansion of its product development and production team with the appointment of three industry veterans. The new hires are Rui Morgadinho as Head of Production & Quality Assurance, Samantha Argotti as Head of Product, and Angela Sobral as Head of Sourcing. This team has previously contributed to the success of Canada Goose (NYSE, TSX:GOOS), a leader in the luxury outerwear market.

The appointments are part of Perfect Moment’s strategic growth plan in the luxury outerwear market. Jane Gottschalk, Perfect Moment’s president and chief creative officer, expressed confidence in the new team’s ability to extend the brand’s appeal and selling season, aiming to replicate the growth trajectory they experienced at Canada Goose. While Canada Goose’s stock has faced recent headwinds with a 9.8% decline over the past week, InvestingPro data reveals the company maintains strong fundamentals with a healthy current ratio of 2.01 and robust revenue of $917 million in the last twelve months. Get deeper insights into luxury retail stocks with InvestingPro’s comprehensive research reports, covering over 1,400 US equities.

Vittorio Giacomelli, a recent addition to Perfect Moment from Canada Goose as well, will oversee the new team members. Giacomelli’s extensive experience in product development and sourcing is expected to be pivotal in aligning the company’s production strategy with its growth objectives. Gottschalk lauded Giacomelli’s leadership and the assembled team’s potential to deliver quality and design to customers worldwide.

Giacomelli himself highlighted the significance of reuniting his former team, emphasizing their collective expertise as crucial for enhancing quality, efficiency, and optimizing margins—all key to the brand’s expansion from skiwear into the broader luxury outerwear market.

Chath Weerasinghe, the new CFO and COO who also joined from Canada Goose, remarked on the transformative stage for the company, with the team’s synergy poised to scale production cost-effectively while improving margins.

Perfect Moment, which originated in Chamonix, France, in 1984, has been under the creative direction of Jane Gottschalk since its relaunch in 2012. The brand is now globally available, with a presence in major retailers and online platforms.

The luxury ski apparel market, where Perfect Moment operates, is expected to hit $1.7 billion by 2024, with a compound annual growth rate of 6.2% through 2032. The luxury outerwear market is projected to reach $17.9 billion in 2024, growing at a 6.7% CAGR through 2033. For investors interested in this growing sector, InvestingPro offers exclusive insights and valuation metrics for leading luxury retail stocks, helping identify potential investment opportunities in this expanding market.

This expansion news is based on a press release statement from Perfect Moment Ltd.

In other recent news, Canada Goose reported fourth-quarter earnings that exceeded analyst expectations, with adjusted earnings per share reaching C$1.51, surpassing the consensus of C$1.10. However, the company’s revenue fell short of estimates, coming in at C$607.9 million against the projected C$615.24 million. Revenue challenges were reflected in a 2.2% year-over-year decline on a constant currency basis, with comparable store sales dropping by 6.2% and wholesale revenue declining by 7.5%. Barclays (LON:BARC) adjusted its price target for Canada Goose shares to $10.00 from $11.00, citing underperformance in key financial metrics during the third quarter of fiscal year 2025. The company revised its guidance for the fiscal year, indicating a potential continuation of these challenges. Meanwhile, CFRA raised its price target to $11.00 while maintaining a Hold rating, noting a slight increase in the fiscal year 2026 earnings per share estimate. Raymond (NSE:RYMD) James reiterated a Market Perform rating, emphasizing the need for Canada Goose to improve consistency and confidence in its growth potential. These developments highlight the company’s ongoing efforts to navigate a challenging retail environment while focusing on strategic investments and operational efficiency.

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