Funk Maldives
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3 values in MVRIn Maldives, readymade garments shops are of high demand with the growth of fashion industry. Customers tailor their dresses by purchasing clothing materials, however the percentage is low due to lack of time they have when events and parties are planned. Customers are satisfied from readymade garment to save their valuable time and further it also provides better selective design options to customers.
“Funk” was established in 2013 as a sole proprietorship under one of our partners Ahmed Sahudh, and as the business grew it was decided to incorporate a company and acquire a new location which is far more spacious with the mindset to display a wider range of products.
In 2014, “Funk” was established as a company, “Funk Maldives private limited” along with a new location in Sosun Magu, H. Maizan, ground floor. Since then, the business has continued to increase its revenue from MVR 1.5 million to MVR 4 million in these 3 years. The business experienced a downtrend from mid- 2017 to mid-2018 due to the political instability, however “Funk” managed to sustain the business without having an effect on the cash flow by having an excellent customer portfolio of resort employees.
Funk Shop is renowned as one of the best selective collections in the market since all the pieces are unique and falls into the new trend. Sometimes customers learn the on-going trend from the shop sales team. This is how it differs from other shops in Male’.