Hallenstein Glasson Holdings has posted a record yearly profit for the end of the financial year, boasting an increase in profit of $9.2 million that stands in contrast to its alarming profit drop of a year ago.
Hannah Burnard and her business partner Robyn Pelvin were working in corporate roles when they became frustrated with the mainstream clothing options on offer. They decided to build a new capsule-style ecommerce shopping system, offering five work-appropriate pieces bundled together.
In July 2015, a mystery buyer scooped up struggling womenswear label Shanton and saved it from going under, but it seems this light at the end of the tunnel was an oncoming train.
One of New Zealand’s most recognisable clothing brands has crossed the Tasman, opening two new retail stores in Australia.