Formal Friday

Formal Friday

Clothing company founded by a team of professionals with backgrounds in mountaineering, sports and fashion design. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
CAD960k—1m (Dealroom.co estimates Jan 2017.)
Company register number 2622174-1
Helsinki Uusimaa (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
EUR2017201820192020202120222023
Revenues<1m<1m<1m<1m<1m<1m<1m
% growth(13 %)(10 %)(6 %)(34 %)34 %58 %-
EBITDA(<1m)(<1m)(<1m)----
% EBITDA margin(159 %)(142 %)(46 %)----
Profit(<1m)(<1m)(<1m)(<1m)(<1m)<1m-
% profit margin(163 %)(147 %)(63 %)(16 %)(21 %)43 %-
R&D budget<1m<1m<1m<1m---
R&D % of revenue148 %82 %87 %132 %---

Source: Dealroom estimates

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Recent News about Formal Friday

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More about Formal Fridayinfo icon
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Formal Friday Clothing specializes in high-performance Merino wool t-shirts that are designed to offer durability, comfort, and style. The company's core product is an ultrafine Merino t-shirt that is soft, odor-resistant, wrinkle-resistant, and temperature-regulating. These t-shirts are engineered to be versatile, making them suitable for both urban environments and outdoor activities. Formal Friday Clothing primarily serves active individuals who value high-quality, multifunctional apparel. The company operates in the premium clothing market, targeting consumers who are willing to invest in durable and high-performance garments. Formal Friday Clothing's business model revolves around direct-to-consumer sales through its online platform, allowing it to maintain control over the customer experience and product quality. Revenue is generated through the sale of these premium t-shirts, which are marketed for their unique blend of performance properties and minimalist design.

Keywords: Merino wool, high-performance, durable, comfortable, odor-resistant, wrinkle-resistant, temperature-regulating, versatile, premium clothing, direct-to-consumer.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.