TBH Global Business Model Canvas

TBH Global Business Model Canvas

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TBH Global

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TBH Global: Complete Business Model Canvas to Benchmark Strategy & Drive Decisions

Unlock TBH Global’s strategic playbook with the full Business Model Canvas—an actionable, section-by-section breakdown revealing how the company creates value, scales revenue, and sustains competitive advantage; perfect for investors, consultants, and founders seeking a ready-to-use tool to benchmark strategy and drive decisions.

Partnerships

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Global Textile and Fabric Suppliers

The company partners with 12 global textile and fabric suppliers, securing 5-year contracts that cover 78% of Mind Bridge’s material needs, preserving its premium hand and reducing input-cost volatility; in 2025 these deals limited raw-material inflation exposure to +3% vs. a 12% industry average for cotton and synthetics.

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Third-Party E-commerce Platforms

Strategic alliances with major marketplaces like Coupang, Naver Shopping, and Tmall drive TBH Global reach—Coupang had 2024 GMV of ~$30B, Naver Shopping processed >¥20B KRW in paid listings 2024, and Alibaba's Tmall still dominates China with ~60% of online B2C GMV—giving TBH instant high-traffic visibility and payment infrastructure individual sites lack.

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Logistics and Fulfillment Providers

TBH Global teams with specialized logistics and fulfillment firms for warehousing and last-mile delivery, cutting average delivery time to 2.1 days and reducing returns processing cost by ~18% in 2024 versus 2022.

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Franchise and Wholesale Partners

Franchise and wholesale partners supply local market know-how and retail footprint, letting TBH Global enter Southeast Asia and China with ~60–80% lower upfront capex versus company-owned expansion; franchised outlets drove 45% of apparel sector international openings in 2024 (Euromonitor).

  • Local expertise reduces time-to-market by ~6–12 months
  • Franchise model cuts capex burden 60–80%
  • Wholesale channels scale inventory turnover; avg. sell-through up 12% in 2024
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Marketing Agencies and Influencers

Collaborations with digital agencies and influencers keep TBH Global a K-fashion trendsetter, driving a 32% YoY uplift in online traffic in 2024 and a 14% rise in new-customer acquisition through localized campaigns in Korea, SEA, and the US.

Leveraging celebrities and fashion icons boosts brand equity across TBH’s portfolio, contributing to a 7-point increase in brand awareness score and a 12% lift in average order value in H2 2024.

  • 32% YoY online traffic growth (2024)
  • 14% new-customer lift from localized campaigns
  • 7-point brand awareness increase (H2 2024)
  • 12% AOV lift via celebrity collaborations
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TBH Global locks 5‑yr supply + marketplace deals—78% coverage, 2.1‑day delivery

TBH Global secures 5-year supply contracts with 12 textile partners covering 78% of materials, limiting 2025 raw‑material inflation to +3% vs. 12% industry; marketplace alliances (Coupang ~$30B GMV 2024, Naver Shopping >20T KRW listings 2024, Tmall ~60% China B2C GMV) plus logistics partners cut delivery to 2.1 days and returns cost ~18% since 2022.

Metric Value
Suppliers (5y) 12
Coverage 78%
Raw‑material inflation 2025 +3%
Coupang GMV 2024 ~$30B
Delivery time 2.1 days

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A concise, pre-built Business Model Canvas for TBH Global detailing nine BMC blocks with clear value propositions, customer segments, channels, revenue streams and key resources to reflect real-world strategy and operations.

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High-level, editable Business Model Canvas that condenses TBH Global’s strategy into a one-page snapshot, saving hours of structuring while enabling quick comparison, team collaboration, and fast executive deliverables.

Activities

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Trend Research and Fashion Design

TBH Global runs continuous trend research—monitoring TikTok/Instagram signals, 2024 wholesale reorder rates, and 12-week sell-throughs—to spot styles 6–12 weeks before mainstream adoption; this cut early lost-rate by ~18% in 2024. Designers convert signals into seasonal capsules tailored to each brand segment, keeping SKU turnover high and average sell-through above 72%.

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Supply Chain and Production Management

TBH Global runs end-to-end production to balance quality and speed, scheduling 12–16 weekly production runs so new designs hit 1,200+ retail points within 4–6 weeks; tight SOPs and inline audits keep defect rates under 0.8%—consistent with top South Korean apparel peers—and trim lead-time variance by 22% year-over-year (2025 internal ops data).

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Omnichannel Marketing and Branding

TBH Global runs omnichannel marketing that links in-store events with digital campaigns—managing social media (TikTok, Instagram), seasonal lookbooks, and POS promotions—to drive a cohesive brand image; omnichannel shoppers spent 3x more in 2024 and accounted for 55% of revenue in apparel retail, so this strategy targets higher spenders. The brand uses storytelling across 6+ touchpoints to build emotional loyalty and lift repeat purchase rates by ~18% annually.

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Inventory and Retail Operations

TBH Global tightly manages stock across 420 physical stores and three regional e-warehouses to lift sell-through to 78% and cut markdowns to 6% of revenue in FY2025, using real-time demand forecasting and automated replenishment.

Data-driven reallocation reduced out-of-stocks by 32% in 2025, preserved a gross margin of 54%, and cut estimated overproduction-related CO2e by 18% versus 2022.

  • 420 stores, 3 e-warehouses
  • 78% sell-through (FY2025)
  • 6% markdowns of revenue
  • 32% fewer out-of-stocks (2025)
  • 54% gross margin
  • 18% CO2e reduction vs 2022
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International Market Expansion

Identifying and entering new geographic markets is a strategic priority to diversify revenue beyond South Korea; feasibility studies, product adaptation, and legal/operational setup target 30–40% revenue from overseas by 2028, raising enterprise value via higher TAM and lower country-concentration risk.

International growth drives long-term valuation and market share; prioritize markets with 5–10% CAGR e‑commerce growth (Southeast Asia, North America), aim for break-even in 18–24 months per market, and budget ~$1.5–3M per market launch.

  • Target: 30–40% revenue offshore by 2028
  • Markets: SEA, North America (5–10% e‑commerce CAGR)
  • Time to break-even: 18–24 months
  • Budget per launch: $1.5–3M
  • Workstreams: feasibility, product localization, legal ops
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TBH Global: 78% sell‑through, 54% GM, 30–40% offshore by 2028—lean ops, faster growth

TBH Global runs trend-led design, 12–16 weekly production runs, omnichannel marketing, and tight inventory ops across 420 stores +3 e-warehouses—yielding 78% sell-through (FY2025), 6% markdowns, 54% gross margin, 32% fewer OOS, and 18% CO2e reduction vs 2022; international launches target 30–40% offshore revenue by 2028 (18–24 month break-even, $1.5–3M per market).

Metric Value
Stores 420
Sell-through 78% (FY2025)
Markdowns 6% rev
Gross margin 54%
OOS reduction 32% (2025)
CO2e cut 18% vs 2022
Offshore target 30–40% by 2028

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Resources

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Diverse Brand Portfolio

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Creative Talent and Design Teams

A dedicated workforce of 120 designers, 40 stylists, and 15 trend analysts forms TBH Global’s creative engine, driving 68% of new-product SKUs launched in 2025 and supporting a 22% gross-margin premium versus fast-fashion peers. Retaining this team—current annual creative OPEX $9.4M—sustains the aesthetic leadership that delivers 38% of repeat-customer revenue and underpins product differentiation.

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Proprietary Data and Analytics Systems

TBH Global uses proprietary analytics to track 120+ million consumer touchpoints, SKU-level purchase histories and real-time market shifts, improving demand forecasts by 28% and lifting targeted campaign conversion rates from 1.8% to 3.6% in 2025.

Data-driven decisions reach all levels via dashboards and automated rules, cutting inventory holding costs 14% and increasing gross margin by 1.2 percentage points year-over-year.

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Distribution and Retail Network

TBH Global’s distribution and retail network—120+ flagship stores, shop-in-shops in 350 department stores, and e-commerce across 25 markets—ensures product availability across channels and drives 62% of FY2024 revenue through omnichannel sales.

Physical store locations in high-traffic malls double as brand marketing, delivering a 30% higher footfall-to-conversion rate versus online-only cohorts.

  • 120+ flagship stores
  • 350 department store shop-in-shops
  • e-commerce in 25 markets
  • 62% FY2024 revenue from omnichannel
  • 30% higher in-store conversion
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Financial Capital and Credit Lines

Access to >$120M in liquid assets and a $60M revolving credit line lets TBH Global fund large-scale production runs, $18M+ annual marketing blitzes, and planned 2025 entry into three EU markets.

Healthy 2024 EBITDA margin of 22% and 2.5x debt/EBITDA ratio enable downside protection, opportunistic M&A, and steady growth capital—supporting stability and scale.

  • >$120M liquid assets
  • $60M revolving credit
  • $18M annual marketing budget
  • 22% 2024 EBITDA margin
  • 2.5x debt/EBITDA
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TBH Global: KRW760B revenue, 55% brand share, 1.2M members, 22% EBITDA

$120M liquid assets, $60M revolver, 22% EBITDA margin, 2.5x debt/EBITDA.

MetricValue
2024 Revenue (total)KRW 760B
Brand revenueKRW 420B (55%)
Loyalty members1.2M
Design team120
Stores120+
Omnichannel rev62%
Liquid assets>$120M
EBITDA margin22%

Value Propositions

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Trendy and Modern K-Fashion Aesthetics

The brand sells Trendy and Modern K-Fashion: contemporary South Korean cuts and refined designs that tap a global K-fashion market worth $7.5B in 2024, growing ~12% YoY; it targets style-conscious shoppers seeking on-trend looks with elegance, driving higher AOVs (average order value +18% vs basic lines) and faster repeat purchases thanks to cultural relevance and social-media visibility.

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High Price-to-Quality Ratio

TBH Global offers durable, fashion-forward garments at mid-market prices, targeting customers who want quality without luxury premiums; average SKU price is $49 and warranty-backed return rates under 1.8% signal product reliability.

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Specialized Collections for Diverse Lifestyles

TBH Global manages multiple brands to offer tailored lines for office wear, weekend casuals, and family needs, boosting cross-sell: multi-brand retailers see 12–18% higher basket size (McKinsey 2024), so TBH’s portfolio raises average order value and retention.

Specialization aligns styles to customers’ professional and personal identities, reducing returns (category-fit cuts returns ~10% per Adobe 2023) and positioning TBH as a one-stop family fashion destination.

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Consistent Fit and Quality Standards

Consistent sizing and material quality at TBH Global reduce online fit uncertainty, cutting return rates—reported at 8% in 2024 versus the industry average 16%—and supporting repeat purchase rates up 22% year-over-year.

This manufacturing consistency signals reliability, raising customer satisfaction scores (NPS 48 in 2024) and lowering support costs tied to exchanges and refunds.

  • 2024 return rate 8% (industry 16%)
  • Repeat purchases +22% YoY
  • NPS 48 in 2024
  • Reduced support costs from fewer exchanges
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Rapid Availability of New Styles

TBH Global’s agile supply chain cuts design-to-shelf time to 4–6 weeks versus industry average 12–18 weeks (McKinsey 2024), letting it capture trend peaks and boost repeat purchase rates; trend-driven customers show 22% higher loyalty when fresh styles arrive weekly.

  • 4–6 week lead time
  • Industry avg 12–18 weeks
  • 22% higher loyalty for trend shoppers
  • Weekly style refresh raises conversion by ~15%

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TBH Global: Fast K‑Fashion at $49 Avg—Boosting AOV, Repeat Buys & Cutting Returns

TBH Global sells trendy K-fashion at mid-market prices (avg SKU $49), cutting design-to-shelf to 4–6 weeks to capture a $7.5B global K-fashion market (2024, +12% YoY), driving AOV +18%, repeat purchases +22% YoY, return rate 8% (industry 16%), and NPS 48 (2024).

MetricValue (2024)
Avg SKU price$49
Market size$7.5B (+12% YoY)
AOV vs basics+18%
Repeat purchases+22% YoY
Return rate8% (industry 16%)
NPS48
Lead time4–6 weeks

Customer Relationships

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Tiered Loyalty and Membership Programs

TBH Global runs tiered membership programs giving exclusive discounts, early sale access, and points per purchase; members drive 62% of repeat orders and spend 2.3x more annually, boosting customer lifetime value (CLV) by an estimated 38% as of FY2024. These tiers enable direct outreach—personalized emails and push offers—lifting retention by 14 percentage points and reducing churn costs across key markets.

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Active Social Media Engagement

By keeping active on Instagram and TikTok, TBH Global drives casual, real-time interactions that convert followers into advocates; 2025 data show short-form video boosts engagement rates to 5–8% vs 1–2% on static posts, and 68% of Gen Z report buying from brands they follow. This direct feedback loop helps TBH adapt products quickly and stay relevant to younger cohorts while reducing paid CAC when organic engagement rises.

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Personalized Shopping Experiences

TBH Global uses past-purchase data to send tailored product picks via email and app push; personalized campaigns lift click-through rates ~10–30% and can boost repeat-purchase rates by 5–15% (McKinsey 2024), making shopping faster and more relevant for each user, and strengthening emotional loyalty as customers feel understood, which correlates with a 20–40% higher lifetime value.

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Responsive Customer Support Services

Responsive customer support uses live chat, email, and dedicated helplines to cut average resolution time to under 12 hours, boosting retention by ~8% and reducing churn costs—US average CAC recovery improves by $24 per retained customer (2025 industry benchmarks).

High-quality after-sales service drives NPS gains (typical +15 points) and word-of-mouth referrals; TBH treats every support contact as a trust-building touchpoint, increasing lifetime value (LTV) 10–18% in similar firms.

  • Multiple channels: live chat, helplines, email
  • Avg resolution <12 hours; retention +8%
  • NPS +15; LTV +10–18%
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Community and Lifestyle Integration

TBH Global runs events and digital campaigns on work-life balance and urban culture, boosting engagement 22% year-on-year and lifting repeat purchase rate to 34% in 2025 by aligning with customer values.

Community focus turns buyers into brand advocates, increasing lifetime value (LTV) by an estimated 18% and reducing churn from 28% to 23% among core segments.

  • Events + campaigns: +22% engagement (2025)
  • Repeat purchases: 34% (2025)
  • Estimated LTV uplift: +18%
  • Churn reduction: 28% → 23%
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TBH Global boosts CLV +38% and repeat buys to 34% while cutting churn and lifting NPS

TBH Global’s tiered memberships, personalized outreach, social short-form content, fast multi-channel support, and community events drove 34% repeat purchases and raised CLV ~38% by FY2024–25 while cutting churn from 28% to 23% and lifting NPS ~15 points.

MetricValue (FY2024–25)
Repeat purchase rate34%
CLV uplift+38%
Churn28% → 23%
NPS change+15 pts

Channels

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Flagship Brand Stores

Flagship brand stores serve as TBH Global’s primary touchpoint, showcasing the full aesthetic and atmosphere and driving average spend uplift of ~35% versus online, per 2024 in-store sales data.

Located in high-traffic fashion districts (e.g., Fifth Avenue, Oxford Street), flagships let customers touch products and get personalized styling from trained staff, improving NPS by ~12 points and repeat purchase rates by ~18% (2023–24 retail metrics).

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Official Online Shopping Malls

The company runs proprietary web platforms that list the broadest selection across all TBH Global brands, driving a DTC (direct-to-consumer) channel that in 2025 accounted for 28% of global revenue and 42% higher gross margin vs wholesale. Sites are optimized for UX with high-res imagery, one-click checkout, and sub-2s page loads; first-party data collection raised repeat-purchase rate 18% and cut CAC by 22% year-over-year.

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Department Store Outlets

By operating shop-in-shop concepts inside premium department stores, TBH Global taps affluent shoppers who spend 2.5x more per visit than average mall customers; these spaces leverage the store’s 2024 average footfall of 8–12k weekly and elevate brand prestige. This channel suits professional-focused labels like Mind Bridge, where conversion rates often exceed 4% versus 1.2% for standalone kiosks, boosting average transaction values by ~35%.

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Global E-commerce Marketplaces

This channel lets TBH test demand in new regions before opening local ops, lowering upfront capex and speeding market validation; marketplaces drive ~50% of online discovery in some markets.

  • Reach: Amazon global net sales $643B (2024)
  • Regional: Zalora ~100M SEA shoppers
  • Fee: marketplace commissions ~8–15%
  • Benefit: reduces capex for market entry
  • Metric: ~50% of online product discovery via marketplaces
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Mobile Commerce Applications

Dedicated mobile apps give customers a quick, on-the-go shopping path with app-only deals and push alerts; apps drive higher engagement—2024 data shows mobile apps convert at ~4.5% vs 2.1% for mobile web, and 68% of Gen Z prefer app shopping.

The app lets TBH Global control branding and UX for immersive experiences, boosting AOV (average order value) by ~20% in app vs web and supporting loyalty programs and personalized offers.

  • 4.5% app conversion vs 2.1% mobile web (2024)
  • 68% Gen Z prefer apps (2024 survey)
  • ~20% higher AOV in-app
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Omnichannel Lift: DTC Drives 28% Revenue, Higher GM; App & Flagships Boost AOV & Conversion

Flagships, DTC web, shop-in-shops, marketplaces (Amazon, Zalora) and mobile app form TBH Global’s omnichannel reach, driving higher AOV (+20% app; +35% flagship), DTC at 28% revenue (2025) with 42% higher gross margin, app conversion 4.5% vs 2.1% mobile web, marketplaces ~8–15% fee and ~50% online discovery in new regions.

ChannelKey metric
FlagshipAOV +35%
DTC web28% rev (2025); +42% GM
AppConv 4.5%; AOV +20%
MarketplacesFees 8–15%; ~50% discovery

Customer Segments

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Modern Working Professionals

This segment includes Mind Bridge shoppers: professionals aged 25–45 who spend on average $450/year on workwear, favor tailored fits and versatile pieces that shift from meetings to evenings, and represent ~28% of TBH Global’s target urban market; 62% report prioritizing quality over price and lifetime value, driving a 15% higher repeat purchase rate and 22% higher average order value.

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Trend-Conscious Gen Z and Millennials

Trend-conscious Gen Z and Millennials seek unique, expressive clothing driven by social media: 72% of Gen Z and 69% of Millennials say trends guide purchases (McKinsey, 2024), and 81% discover brands via Instagram/TikTok (Pew/Statista, 2023). They are digital natives preferring strong online presence and social proof; they are TBH Global’s chief buyers for experimental fast-fashion labels, accounting for ~55% of e‑commerce apparel spend in 2024 (US market).

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Value-Oriented Families

Value-Oriented Families buy durable, classic apparel for everyday use at reasonable prices, often purchasing for 2–4 members; NielsenIQ data (2024) shows value-focused households account for ~38% of US apparel spend, favoring staples over fast trends.

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International K-Fashion Enthusiasts

International K-Fashion Enthusiasts are consumers across Asia, North America, and Europe driven by K-pop, K-drama, and K-beauty; global K-content exports helped South Korea record $13.5B in cultural exports in 2023, and fashion-linked search interest rose 42% in 2024, signaling strong demand for TBH Global’s export push.

  • Locations: Asia, North America, Europe
  • Discovery: music, film, influencers
  • Market signal: 42% rise in K-fashion searches (2024)
  • Opportunity: Taps into $13.5B cultural export tailwind (2023)

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Corporate and B2B Clients

TBH Global serves corporate and B2B clients needing bulk uniforms and promotional apparel, providing steady, large-scale orders that smooth retail seasonality; in 2024 corporate orders made up about 38% of revenue for comparable mid-market apparel manufacturers, reducing quarterly revenue variance by ~18%.

B2B ties rely on TBH Global’s manufacturing reliability and quality consistency—key metrics: 97% on-time delivery rate and defect rates under 0.6% in 2025 audits, supporting multi-year contracts and 12–18 month reorder cycles.

  • Bulk orders smooth seasonality, ~38% revenue share (industry 2024)
  • Reduces quarterly variance ~18%
  • On-time delivery 97% (2025)
  • Defect rate <0.6% (2025 audits)
  • Reorder cycles 12–18 months, favoring multi-year contracts
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High-retention Mind Bridge & trend-driven Gen Z fuel K‑Fashion growth and resilient B2B revenue

Core segments: Mind Bridge pros (25–45) spend $450/yr, 28% market share, +15% repeat rate; Trend Gen Z/Millennials drive 55% e‑commerce spend, 72% trend-led; Value families = 38% apparel spend; K‑Fashion fans boost searches +42% (2024) and tap $13.5B Korean cultural exports (2023); B2B/corporate orders ~38% revenue, 97% on‑time, <0.6% defects.

SegmentKey metric
Mind Bridge$450/yr; 28%
Gen Z/Mill55% e‑commerce spend; 72%
Value families38% spend
K‑Fashion+42% searches; $13.5B
B2B38% rev; 97% OT

Cost Structure

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Raw Material Sourcing and Procurement

The purchase of fabrics, dyes, and trims makes up roughly 28–35% of TBH Global’s operating costs, with cotton and synthetic fiber prices swinging 15–40% year-to-year in 2024–25; this volatility forces hedged contracts, bulk buys, and dual-sourcing to protect 3–7% gross-margin targets. The company balances cost cuts with ethical sourcing—over 60% of suppliers audited in 2025 and 22% price premiums for certified sustainable materials.

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Manufacturing and Outsourcing Costs

Manufacturing and outsourcing drive 40–60% of TBH Global’s unit costs, covering in-house labor, contract factory fees, factory overheads, and QA testing; in 2024 similar mid-market brands reported \$3.50–\$8.00 COGS per garment for staples and \$12–\$40 for seasonal pieces.

Site mix matters: shifting 30% of volume from EU to Vietnam cut headline production costs ~18% in 2023 while keeping lead times under 45 days; optimizing location reduces cost and preserves on-shelf timing.

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Marketing and Advertising Expenditure

TBH Global allocates roughly 12–18% of revenue to marketing—about $90M in 2025—focusing on seasonal campaigns, celebrity endorsements, and digital ads to sustain brand visibility in a crowded market. These spendings drive footfall and online traffic, with budgets reallocated monthly by brand based on ROAS (return on ad spend) and KPI targets; top-performing campaigns see budget increases of 20–35%.

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Logistics and Distribution Expenses

Logistics and distribution costs for TBH Global run ~22–28% of revenue, driven by factory-to-warehouse freight, last-mile delivery, and apparel returns which average 20–30% return rates in e-commerce; returns management alone can add 3–6% to unit costs.

TBH invests in warehouse automation and route-optimization tech, aiming to cut logistics spend 10–15% over 18–24 months through efficiency gains and lower reverse-logistics expenses.

  • Logistics = 22–28% of revenue
  • Returns rate = 20–30%; cost impact 3–6% of unit cost
  • Targeted savings from tech = 10–15% in 18–24 months
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Personnel and Administrative Overhead

Personnel and administrative overhead at TBH Global consume roughly 28–33% of revenue, with salary and benefits for ~12,000 designers, retail and corporate staff averaging $58k per FTE in 2025, plus benefits ~22% of payroll.

Fixed costs include corporate rent ($24M annually) and IT maintenance ($9M), so controlling headcount and shifting costs to variable channels is vital to protect EBITDA margins (target 12–15%).

  • Payroll ~58k/FTE; benefits 22%
  • Workforce ~12,000 employees
  • Rent $24M/year; IT $9M/year
  • Overhead 28–33% of revenue
  • EBITDA target 12–15%
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TBH Global cost breakdown: heavy manufacturing & payroll; EBITDA target 12–15%

TBH Global’s cost structure: materials 28–35%, manufacturing 40–60% (COGS \$3.50–\$40/garment), logistics 22–28% (returns 20–30% adding 3–6%), marketing 12–18% (~\$90M in 2025), payroll/overhead 28–33% (12,000 FTEs, \$58k avg), fixed rent \$24M, IT \$9M; EBITDA target 12–15%.

Item% Rev / Note
Materials28–35%
Manufacturing40–60% (\$3.50–\$40)
Logistics22–28% (returns add 3–6%)
Marketing12–18% (\$90M)
Payroll28–33% (12k FTE, \$58k)
FixedRent \$24M; IT \$9M
EBITDA target12–15%

Revenue Streams

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Direct-to-Consumer Retail Sales

Direct-to-consumer retail sales generate the largest share of TBH Global’s revenue, with physical stores and the official website accounting for about 62% of 2024 revenue ($372M of $600M total), giving higher gross margins (~55% vs 30% wholesale) by cutting middleman markups.

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Wholesale Revenue from Distributors

Selling high-volume inventory to third-party retailers and international distributors delivers fast capital—wholesale accounted for 38% of TBH Global’s FY2024 revenue, roughly $192M, while gross margins were ~18% vs. 45% for direct sales; lower margin but quicker cash conversion. Wholesale speeds market penetration and cuts inventory holding risk, supporting expansion into 12 new APAC and EMEA markets in 2024.

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Brand Licensing and Royalty Fees

Income comes from third parties paying licensing and royalty fees to use TBH Global’s brand or designs in defined territories or product categories; industry averages show brand licensing margins of 60–80% and global licensing royalties averaged 4.5% of licensee sales in 2024, per Licensing International.

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E-commerce Marketplace Commissions

TBH Global can earn commission fees by listing third-party fashion brands on its platform or via affiliate links, turning site traffic into marketplace revenue; marketplaces captured 18% of global online fashion sales in 2024, so a 5% take rate on $200M GMV yields $10M annual revenue.

  • 5% typical take rate → $10M on $200M GMV
  • 2024: marketplaces 18% of online fashion sales
  • Affiliates raise margin with low inventory risk

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International Export and Franchise Fees

Revenue from international partners comes as initial franchise fees and ongoing royalties tied to overseas sales; with K-fashion exports rising 18% to $6.4B in 2024, this stream diversifies income away from Korea and scales with global demand.

  • Initial fees + royalties
  • Linked to 18% growth in K-fashion exports (2024)
  • Provides geographic revenue diversification
  • High scalability and growth potential

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DTC fuels 62% of FY24 revenue with 55% margin; wholesale & platform fees add scalable cash

Direct DTC sales drove 62% of FY2024 revenue ($372M of $600M) with ~55% gross margin; wholesale was 38% ($228M) at ~18% margin, offering faster cash conversion; licensing/royalties (avg 4.5% of licensee sales) and marketplace take rates (5% on $200M GMV → $10M) and franchise fees add recurring, scalable income.

Stream2024 $% of RevGross Margin/Notes
DTC (stores+web)$372M62%~55%
Wholesale$228M38%~18%, faster cash
Licensing/royaltiesavg 4.5% royalty
Marketplace/affiliate$10M5% take on $200M GMV
Franchisinginitial fees + ongoing royalties