86 096
Fashion Jobs
RALPH LAUREN
Associate Manager
Permanent · HERSHEY
A & F
Abercrombie & Fitch - Assistant Manager, International Market Place
Permanent · HONOLULU
A & F
Hollister CO. - Brand Representative, Galleria at Tyler
Permanent · RIVERSIDE
FOOT LOCKER
Director of Safety (Supply Chain)
Permanent · CAMP HILL
LEE
PT Keyholder, Estero, FL
Permanent · ESTERO
URBN
Free People: Merchandise Planning Manager
Permanent · PHILADELPHIA
URBN
Free People: Senior Merchandise Planner
Permanent · PHILADELPHIA
KOHLS
Operations Supervisor - Weekend Overnights
Permanent · EDGEWOOD
KOHLS
Full-Time Loss Prevention Officer
Permanent · SOUTH BURLINGTON
ADIDAS
Key Account Manager: Athletic Footwear
Permanent · PITTSBURGH
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · GOSHEN
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · NAPLES
KOHLS
Shift Leader/Operations Manager - Weekend Night Shift
Permanent · PATASKALA
AMERICAN EAGLE OUTFITTERS
Aerie - Merchandise Leader (Part-Time) - us
Permanent · POOLER
AMERICAN EAGLE OUTFITTERS
ae - Merchandise Leader (Part-Time) - us
Permanent · MURFREESBORO
AMERICAN EAGLE OUTFITTERS
Aerie - Merchandise Leader - us
Permanent · KAPOLEI
NAVY EXCHANGE
Buyer (Level i) - Beauty Care
Permanent · VIRGINIA BEACH
NAVY EXCHANGE
Buyer (Level i) - Pet
Permanent · VIRGINIA BEACH
GAP INC.
Asset Protection Service Representative - Harlem Usa
Permanent · NEW YORK
GAP INC.
Asset Protection Coordinator - Mount Vernon Plaza
Permanent · ALEXANDRIA
BANANA REPUBLIC
Associate Art Director, Photo Studio
Permanent · SAN FRANCISCO
ECCO
Third Keyholder
Permanent · SAN FRANCISCO
Published
Mar 27, 2023
Reading time
2 minutes
Download
Download the article
Print
Text size

Hyve Group talks of strong events momentum, revenues improving

Published
Mar 27, 2023

Back to running a full schedule of global events, Hyve Group said Monday it has started this year with “purpose and momentum”, alongside strengthening revenues.


Scoop



The Pure London, Scoop and Moda fashion trade shows organiser said in a trading update for the October 2022 to March period it expects to deliver revenue for HY23 ranging from £95 million to £100 million “underpinned by another strong performance across all key KPIs, including like-for-like customer spend”.

Following a five-year transformation plan, completed in FY22, the schedule of the group's streamlined portfolio of events is now weighted to the first half of its financial year. This includes Spring Fair, which delivered “strong year on year growth”. Meanwhile Shoptalk, which takes place at the end of March, is expected to perform “in line with the group's expectations”.

Adjusted net debt at 22 March was cut to £55 million  from £64 million a year ago, helped by the receipt of insurance proceeds in February and bookings for upcoming events. But it doesn’t take into account recent event delivery costs. So adjusted net debt at the end of FY23 is expected to be a good deal higher without those insurance payments, ranging £80 million to £85 million.

However, Hyve said it entered FY23 with “positive trading momentum”, which has continued throughout the first half of the year with forward bookings of around £145 million at 22 March (compared to £102 million a year ago), “giving confidence that performance for the full financial year will be in line with the group's expectations”.

CEO Mark Shashoua said: “We remain conscious of challenges in the macro-economic environment globally, the threat of recession in a number of our markets.However, we believe we are well placed to weather any possible challenges, as marketing spend continues to gravitate towards must-attend leading events that drive return on investment.”

Copyright © 2024 FashionNetwork.com All rights reserved.