×
78
Fashion Jobs
CONNECTEDGROUP LTD
Senior Manager, Corporate Real Estate And fm (Apac - hk Based)
Permanent · HONG KONG
I.T.
Business Analyst - Warehouse (Sap - Wms)
Permanent · Hong Kong
PUMA
Business Analyst (Digitalization Project)
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Assistant Finance / Accounting Manager - Apac Tax
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
E-Commerce Manager
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Head of Brand Management - Home Products
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Buyer - Luxury Home Furniture
Permanent · Hong Kong
CONNECTEDGROUP LTD
Senior Manager, Corporate Real Estate And fm (Apac - hk Based)
Permanent · HONG KONG
BESTEAM PERSONNEL CONSULTANCY LTD.
Sales Administration Coordinator
Permanent · BIRMINGHAM
CONNECTEDGROUP LTD
Senior Manager, Facilities Management / Cres (Apac - hk Based)
Permanent · HONG KONG
ESTÉE LAUDER COMPANIES
Field Visual Merchandizing Manager, tr hk/mc/tw
Permanent · HONG KONG
EASTWOOD CONSULTANTS LIMITED
Regional Digital Marketing Manager, Luxury Brand
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Accounting Manager - Luxury Brand
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Senior Administration Manager, Retail
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Regional Assistant HR Manager, c&b
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Assistant / Marketing Manager - Mnc
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Regional Planner - Global Mnc Brand
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Assistant Buying Manager
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Senior Finance Manager - Global Brand
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Regional Marketing Manager - Base China
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Assistant Accounting Manager - Global Brand
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Regional Merchandising Manager - Luxury Menswear
Permanent · Hong Kong

Helly Hansen profits jump but UK Musto unit makes loss

Published
May 8, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Helly Hansen profits have moved higher despite the Oslo-based outdoor clothing brand having recorded a loss for acquired UK brand Musto.


Helly Hansen



Its annual earnings in 2017 powered ahead by 25% to $231.6 million, easily outstripping its revenue growth. Revenues were more than encouraging though. It achieved an 18% increase to reach $359 million as the company continued to focus heavily on controlling costs and investing in its brand.

But it clearly still has plenty of work to do with the Musto brand, which it bought for $32 million last October. While the last few months of the year saw Musto contributing revenue of $7.2 million, its operating loss was $744,381, The Telegraph reported.

Musto had swung to a profit of almost £929,000 in the previous year, even though its revenue had fallen 10% to a little under £29 million. 

Since acquiring it, Helly Hansen has cut 40 staff from the UK firm as it has also focused on efficiencies there and as it gets ready to grow the label internationally.

For the Helly Hansen business as a whole, chief executive Paul Stoneham said he was positive about its 2018 performance and its wholesale order book has risen 15% year-on-year.

A big part of his optimism is because of the aforementioned cost controls with the senior executive citing “a leaner supply chain, increased product quality, and reduced product cost” as key to its success.

Copyright © 2020 FashionNetwork.com All rights reserved.