Fashion

Hyve Corporation maintains progress, reshuffles the board of directors


A “strong performance across key indices, despite continued disruptions to Omicron”, summed up the Hyve Group’s business for the first four months of fiscal year 22.

Team Hyve

The company’s new Q1 international trade event (October-January) started in a position where it ended Q4 says it has seen flexible trading activity, plus Similar customer spending, bookings and cash collection continue to be strong.

It said the majority of the group’s global events in the most recent period went on as scheduled, although events in China continued to be impacted due to continued government restrictions. As a result, two of the four events scheduled to run there were cancelled, and one was postponed.

Elsewhere, Omicron “has had a limited impact on the group’s event schedule” for the organizers Pure London, Spoon, shovel and Moda.

Chief Executive Officer Mark Shashoua said: “We are pleased to see the easing of travel restrictions in some of our key markets and encouraged by Omicron’s limited impact on the event schedule. ours.

“However, uncertainty regarding new variations and geopolitical developments in Russia and Ukraine remains. Preparations for all planned events continue as planned, while contingencies are also thoroughly rehearsed.”

Meanwhile, the company also had a board-level reorganization to announce after the AGM. That means no independent senior executive Stephen Puckett will step down and Nick Backhouse, non-executive director and chairman of the Audit Committee, will take up the vacated role.

Outside, Sharon Baylay, the non-executive director and chairman of the Compensation Committee, will step down from the board effective March 1. The new appointments include Anna Bateson and Rachel Addison as non-executive directors, effective March 1.

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