Matches bankruptcy spoils Perfect Moment
The bankruptcy of luxury retailer Matches in March 2024 has impacted the annual revenues of skiwear brand Perfect Moment.
Reports at the time said the retailer’s 541 unsecured creditors – including customers, landlords and designer clothing suppliers – were owed at least £35 million, and potentially as much as £100 million.
Alongside increased investment in leadership, infrastructure and brand positioning, Perfect Moment expects to report a net loss of approximately $16 million for FY25. Revenue is expected to decline 12% to $21.4 million.
Perfect Moment chairman Max Gottschalk said: “We’ve taken decisive steps to meaningfully upgrade our management team, address inefficiencies and instil a culture of operational discipline. I’m extremely excited about the trajectory we are now on.”
It has secured over $12.7 million in wholesale pre-orders for the Autumn/Winter 2025 season, a 30% increase from the prior year, and it has signed five new regional sales agencies since September.
The new leadership team includes hires from Canada Goose, LVMH and Timberland.
Perfect Moment was established in 1984 in France. In 2012, British-Swiss couple Jane and Max Gottschalk took ownership of the brand
