TBH Global Returns to Profit in First Three Quarters; Revenue Up 11% YoY

Fashion company TBH Global said on November 10 that its cumulative revenue for the first three quarters rose 11.1% year on year to KRW 137.5 billion, driven by higher sales of its major brands. Operating profit and net profit for the same period were approximately KRW 2.4 billion and KRW 1.4 billion, respectively, marking a return to profitability.

The company attributed the results to a combination of increased sales of major brands, including Mind Bridge and Basic House, and improved distribution efficiency as online channel performance expanded. As of the end of the third quarter, TBH Global's inventory was down 10.3% year on year.

According to TBH Global, sales across all its brands grew by approximately 10% through the third quarter. In particular, expanded sales of the women's wear line at flagship brand Mind Bridge drove growth, with revenue rising 11.5% year on year. By channel, cumulative online sales posted the strongest growth, increasing 27.1% year on year over the same period.

The company expects its growth to continue as it enters the fall/winter (FW) season, the peak season for the fashion industry. It expects increased sales of high-priced winter items, such as coats and lightweight padded jackets, to have a particularly positive impact.

The company is also accelerating its global expansion. K-cross-border licensed brand Time Out will launch pilot online operations this month in four countries: South Korea, Japan, the United Kingdom and China.

In China, the company will launch contemporary casual brand Mark Brick with local partner Duoyi. It aims to open a local pop-up store next month and plans to open permanent stores starting in the first half of next year.

For the first time since its founding, TBH Global has secured its own production facility in Vietnam and is working to strengthen its just-in-time (JIT) production system, with the aim of improving both inventory efficiency and its ability to respond to demand. The Vietnam facility also produces goods for other companies' brands under original equipment manufacturing (OEM) arrangements, which is expected to contribute in part to growth in consolidated results starting in the fourth quarter.

A TBH Global representative said, "Sales of our major brands have remained strong overall, while Mind Bridge has continued to post high growth, driven in part by stronger performance from its women's wear line. If the current growth trend is joined by strong sales of winter products, we expect to reach our target of KRW 150 billion in annual sales for the Mind Bridge brand alone sooner than anticipated."

This content was produced with the assistance of AI translation services.