[E-Daily Reporter KYUNG GYEYOUNG ] HandsomeCorporation improved both its revenue and profitability in the third quarter, driven by growth from domestic brands—including Time and System—as well as newly introduced imported brands.

HandsomeCorporation(020000)The company announced on the 2nd that its consolidated operating profit for the third quarter was 7.6 billion won, a 206.1% increase compared to the same period last year. Preliminary figures for the same period showed revenue rising 4.9% to 324.8 billion won, while net income increased 323.3% to 7.7 billion won. The operating profit margin rose by 1.5 percentage points, from 0.8% in the third quarter of last year to 2.3% in the third quarter of this year.

HandsomeCorporation explained that sales of transitional-season apparel performed strongly. By segment, revenue from products grew 5.6% year-over-year, while revenue from merchandise rose 3.2% over the same period. This suggests that HandsomeCorporation’s in-house brands, such as Time and System, experienced stronger growth.

System is expanding its presence overseas, having opened a store at the flagship Galerie Lafayette in Paris last January and launched a pop-up at Harrods in London starting in September. Time also achieved the milestone of being listed on the official women’s calendar for Paris Fashion Week last February.

HandsomeCorporation, which already distributes imported brands such as Lanvin and Tommy Hilfiger, plans to introduce additional international brands following the launch of the American underwear brand “Skims” and the premium running brand “Satisfy.”

By channel, offline sales—including those from department stores and flagship stores—increased by 5.5% compared to the third quarter of last year, accounting for 77.6% of total sales. Online sales rose by 1.8% during the same period.

A HandsomeCorporation official stated, “We plan to continue diversifying our portfolio of imported fashion brands and strengthen the global competitiveness of our in-house brands, such as Time and System.”