Moleskine

Hawksford supports Moleskine’s expansion into five countries in Asia.

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Moleskine is an Italian manufacturer, papermaker and product designer headquartered in Milan. It produces and designs notebooks, journals, bags, luggage, apps, writing instruments and reading accessories. Today, Moleskine has around 400 employees across the globe and a vast network of partners.

Their objective

Moleskine used to work with distributors to sell its products in Asia. As the business evolved, Moleskine HQ decided to open its own companies in Asia in order to gain stronger control of its brand and to understand its customers better.

As compliance and operational requirements vary significantly across Asia, Moleskine needed a corporate services provider that understood these different market dynamics, and who could provide much needed local knowledge and administrative support. 

 

Our solution

Hawksford assisted Moleskine with the opening of five companies across Mainland of China, Hong Kong, Singapore, Korea and Japan. Our local teams were able to provide regional expertise and on-the-ground support, including incorporating the separate entities, providing a local director and opening a local bank account.

Since the entities were established, Hawksford has continued to provide accounting, company secretarial and HR services to the five companies – supporting nearly 20 stores across the region. Moleskine China, including Hong Kong also required additional CFO support, due to significant turnover from B2B, retail and eCommerce, which Hawksford was able to provide.

Moleskine now employs around 100 people in Asia.

By externalising its financial department, Moleskine gained flexibility, saved on internal headcount and avoided staff turnover which is a common challenge in Asia. 

 

Services provided:

case-study-moleskine

"We’ve been working with Hawksford since 2012 when we decided to set up our own entities in Asia. The China team is very professional and helpful. They took care of every step of business formation, giving us advice and responding to our needs in a timely manner. With their ongoing support in accounting, tax, and corporate governance, we have been able to establish our presence in Asia and would continue to work with Hawksford as a trusted partner."

Sophia Zhou, APAC Finance Controller, Moleskine China

Location: Mainland of China, Hong Kong, Singapore, Korea and Japan

Service: Corporate

Industry: Retail

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