A Finnish fashion brand worn by Jennifer Lawrence, Rosie Huntington-Whiteley, and Kelly Rutherford may look like an overnight success story. In reality, Almada Label’s rise into Hollywood closets has been the result of deliberate global positioning from day one. It is also a reminder that in a small market, scale begins with mindset.

Almada Label, a Finnish fashion brand founded by friends Alexa Dagmar and Linda Juhola, has quietly found its way into the wardrobes of Hollywood actors and global influencers. Its pieces have appeared on red carpets, in editorials, and on the social feeds of stylists whose client lists define global taste.

From the outside, it may look sudden, but in reality, it was built deliberately, and globally, from day one.

Almada Label founders Linda Juhola and Alexa Dagmar (right). Photo by the brand.

“Finland is such a small market. There simply aren’t enough people here to build a sustainable consumer business at scale,” the founder, Alexa Dagmar, says. “The world is full of opportunity, and through the internet, you can reach anyone. It would be foolish not to try to do this globally.”

Neither founder studied fashion formally. But Alexa grew up around consumer business through her family and learned early that building a brand meant thinking beyond borders.

From the start, Almada treated itself as an international project rather than a local label, hoping to expand later. The early instinct was to look first toward Sweden, Norway, and Denmark. Being nearby made those markets feel like the natural next step.

But something unexpected happened.

Through social media, organic interest began to come not from nearby markets, but from Germany and the United States. Stylists and influencers in those countries responded strongly to the minimalist Finnish aesthetic. 

“We realized it doesn’t matter what is physically close,” she says. “What matters is where the organic interest starts. There’s no point pushing into a market unless there is a real reason to be there.”

In Germany, the market lacked strong local brands in the same niche. In the US, Nordic minimalism carried cultural cachet. Influencers began discovering the label through social media. Stylists began requesting pieces. 

Building visibility without big budgets

Unlike many fashion brands, Almada did not launch with major funding. The company has always been self-financed. There was no large marketing budget, no global PR machine in the early years.

Instead, the founders relied on a focused digital strategy and persistence.

Performance marketing on Meta, Google, and Pinterest supported e-commerce growth, but most visibility came through relationships. The founders personally reached out to stylists and influencers. They offered products to try without pressure and without expectation.

“We’ve never forced placements. We’ve simply asked if someone would like to try the pieces.”

This approach carried risk. There were no guarantees of coverage or exposure. But it allowed the brand to remain selective and authentic. When a stylist with a strong network discovered the label, new opportunities followed quickly. One placement led to another. The effect was cumulative — a snowball rolling downhill.

Over time, the PR and gifting pool expanded organically. For years, this was handled entirely in-house. Only recently has the brand partnered with a PR agency with offices in London and New York to coordinate loans and products to media and stylists more systematically.

Distribution: fewer places, better places

From the beginning, Almada Label prioritized quality over scale in distribution. The goal was never to be everywhere. It was to be in the right places.

Almada Label is known for its minimalistic and clean aesthetic. Photo by the brand.

Premium positioning requires patience. Entering too many stores too quickly risks diluting the brand. Instead, the founders waited until they could secure placement in the specific boutiques and department stores they wanted. If the right partner wasn’t available, they waited longer.

E-commerce has been the backbone. Even recently, in 2025, nearly 80 percent of turnover has come from e-commerce, with Finland representing less than 20 percent of total sales.

Retail expansion has followed credibility, not the other way around. Today, Almada is present in locations such as Le Bon Marché in Paris, Harrods in London, and department stores within the KaDeWe Group in Germany. In many cases, buyers have discovered the brand through influencers and stylists rather than traditional wholesale outreach.

An international sales agency and consultants have supported the expansion, but the core strategy has remained consistent: treat the brand as global from the beginning.

Lessons from building globally from day one

Dagmar believes small Finnish labels can think globally from the start.

“You have to treat your brand as an international project,” she says. “All copy, all communication, all visuals. Otherwise, it’s very hard to be found organically.”

Trade fairs and industry events also played a role. Attending international fashion fairs allowed the founders to understand budgets, meet contacts, and test assumptions. Many of the practical realities of scaling globally became clear only through these experiences.

The founders’ own influencer backgrounds gave them an advantage. They understood how digital ecosystems worked and how stylists and creators discover new brands. That knowledge helped them navigate the early stages without large budgets.

The lesson for B2C founders is not that Hollywood is the goal. It is that global positioning must be the starting point.

In a small market, you rarely grow into the world by first dominating Finland. More often, you grow into Finland by first mattering somewhere else.

|

Weekend

Think global from day one: How Finland’s Almada Label entered Hollywood closets

Think global from day one: How Finland’s Almada Label entered Hollywood closets

·

5 min read

Credit: Linda Juhola and Alexa Dagmar, Almada Label

Credit: Linda Juhola and Alexa Dagmar, Almada Label

A Finnish fashion brand worn by Jennifer Lawrence, Rosie Huntington-Whiteley, and Kelly Rutherford may look like an overnight success story. In reality, Almada Label’s rise into Hollywood closets has been the result of deliberate global positioning from day one. It is also a reminder that in a small market, scale begins with mindset.

Almada Label, a Finnish fashion brand founded by friends Alexa Dagmar and Linda Juhola, has quietly found its way into the wardrobes of Hollywood actors and global influencers. Its pieces have appeared on red carpets, in editorials, and on the social feeds of stylists whose client lists define global taste.

From the outside, it may look sudden, but in reality, it was built deliberately, and globally, from day one.

Almada Label founders Linda Juhola and Alexa Dagmar (right). Photo by the brand.

“Finland is such a small market. There simply aren’t enough people here to build a sustainable consumer business at scale,” the founder, Alexa Dagmar, says. “The world is full of opportunity, and through the internet, you can reach anyone. It would be foolish not to try to do this globally.”

Neither founder studied fashion formally. But Alexa grew up around consumer business through her family and learned early that building a brand meant thinking beyond borders.

From the start, Almada treated itself as an international project rather than a local label, hoping to expand later. The early instinct was to look first toward Sweden, Norway, and Denmark. Being nearby made those markets feel like the natural next step.

But something unexpected happened.

Through social media, organic interest began to come not from nearby markets, but from Germany and the United States. Stylists and influencers in those countries responded strongly to the minimalist Finnish aesthetic. 

“We realized it doesn’t matter what is physically close,” she says. “What matters is where the organic interest starts. There’s no point pushing into a market unless there is a real reason to be there.”

In Germany, the market lacked strong local brands in the same niche. In the US, Nordic minimalism carried cultural cachet. Influencers began discovering the label through social media. Stylists began requesting pieces. 

Building visibility without big budgets

Unlike many fashion brands, Almada did not launch with major funding. The company has always been self-financed. There was no large marketing budget, no global PR machine in the early years.

Instead, the founders relied on a focused digital strategy and persistence.

Performance marketing on Meta, Google, and Pinterest supported e-commerce growth, but most visibility came through relationships. The founders personally reached out to stylists and influencers. They offered products to try without pressure and without expectation.

“We’ve never forced placements. We’ve simply asked if someone would like to try the pieces.”

This approach carried risk. There were no guarantees of coverage or exposure. But it allowed the brand to remain selective and authentic. When a stylist with a strong network discovered the label, new opportunities followed quickly. One placement led to another. The effect was cumulative — a snowball rolling downhill.

Over time, the PR and gifting pool expanded organically. For years, this was handled entirely in-house. Only recently has the brand partnered with a PR agency with offices in London and New York to coordinate loans and products to media and stylists more systematically.

Distribution: fewer places, better places

From the beginning, Almada Label prioritized quality over scale in distribution. The goal was never to be everywhere. It was to be in the right places.

Almada Label is known for its minimalistic and clean aesthetic. Photo by the brand.

Premium positioning requires patience. Entering too many stores too quickly risks diluting the brand. Instead, the founders waited until they could secure placement in the specific boutiques and department stores they wanted. If the right partner wasn’t available, they waited longer.

E-commerce has been the backbone. Even recently, in 2025, nearly 80 percent of turnover has come from e-commerce, with Finland representing less than 20 percent of total sales.

Retail expansion has followed credibility, not the other way around. Today, Almada is present in locations such as Le Bon Marché in Paris, Harrods in London, and department stores within the KaDeWe Group in Germany. In many cases, buyers have discovered the brand through influencers and stylists rather than traditional wholesale outreach.

An international sales agency and consultants have supported the expansion, but the core strategy has remained consistent: treat the brand as global from the beginning.

Lessons from building globally from day one

Dagmar believes small Finnish labels can think globally from the start.

“You have to treat your brand as an international project,” she says. “All copy, all communication, all visuals. Otherwise, it’s very hard to be found organically.”

Trade fairs and industry events also played a role. Attending international fashion fairs allowed the founders to understand budgets, meet contacts, and test assumptions. Many of the practical realities of scaling globally became clear only through these experiences.

The founders’ own influencer backgrounds gave them an advantage. They understood how digital ecosystems worked and how stylists and creators discover new brands. That knowledge helped them navigate the early stages without large budgets.

The lesson for B2C founders is not that Hollywood is the goal. It is that global positioning must be the starting point.

In a small market, you rarely grow into the world by first dominating Finland. More often, you grow into Finland by first mattering somewhere else.

Board Programme

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The only programme in the Nordics designed specifically for listed-company board work.
Five sessions, one cohort, twenty leaders in one room - Helsinki, 2026.

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Built for Nordic listed company boards.

The only programme in the Nordics designed specifically for listed-company board work.
Five sessions, one cohort, twenty leaders in one room - Helsinki, 2026.

Topics

# Topics

Authors

Founder and ceo

Helene Auramo is a co-founder of Listeds and Nordic Listed Leaders. She has previously co-founded Slush, Indiedays, Zipipop, and Okimo Clinic, building ventures at the intersection of media, technology, and community. She holds board positions at the Finnish Business School Graduates (Suomen Ekonomit) and Finnvera, and serves as Chair of the Investment Committee at the Finnish Business School Graduates. Helene is also a columnist for Talouselämä, Finland’s leading business magazine, and Aamulehti, one of the country’s largest newspapers. Her work focuses on leadership, growth, and the structures that shape decision-making in Nordic companies. She was awarded Future Board Member of the Year in 2022 by Future Board.

Founder and ceo

Helene Auramo is a co-founder of Listeds and Nordic Listed Leaders. She has previously co-founded Slush, Indiedays, Zipipop, and Okimo Clinic, building ventures at the intersection of media, technology, and community. She holds board positions at the Finnish Business School Graduates (Suomen Ekonomit) and Finnvera, and serves as Chair of the Investment Committee at the Finnish Business School Graduates. Helene is also a columnist for Talouselämä, Finland’s leading business magazine, and Aamulehti, one of the country’s largest newspapers. Her work focuses on leadership, growth, and the structures that shape decision-making in Nordic companies. She was awarded Future Board Member of the Year in 2022 by Future Board.

Authors

Founder and ceo

Helene Auramo is a co-founder of Listeds and Nordic Listed Leaders. She has previously co-founded Slush, Indiedays, Zipipop, and Okimo Clinic, building ventures at the intersection of media, technology, and community. She holds board positions at the Finnish Business School Graduates (Suomen Ekonomit) and Finnvera, and serves as Chair of the Investment Committee at the Finnish Business School Graduates. Helene is also a columnist for Talouselämä, Finland’s leading business magazine, and Aamulehti, one of the country’s largest newspapers. Her work focuses on leadership, growth, and the structures that shape decision-making in Nordic companies. She was awarded Future Board Member of the Year in 2022 by Future Board.

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Investor Event

Listeds Investor Event · Defence

Nordic defence is in a once-in-a-generation growth cycle. Eight listed and pre-IPO companies pitch to 100+ invited investors at Valkoinen Sali, Helsinki

21 September 2026

Latest on Listeds

Leadership Moves

Aspocomp names Ville Raatikainen chief engineering and technology officer as new Oulu capacity arrives in 2027

Sep 25, 2026

Ville Raatikainen, a manufacturing engineering director at iLOQ with an R&D and product management background at Nokia, joins the Management Team on January 1, 2027. He is the second outside hire to the team since July, and he starts in the year the PCB maker commissions its expanded Oulu plant.

Aspocomp has appointed Ville Raatikainen (born 1984), M.Sc. (Eng.), as Chief Engineering and Technology Officer and a member of the Management Team from January 1, 2027. He currently serves as Director, Product Lifecycle and Manufacturing Engineering at iLOQ Oy and previously held R&D and product management roles at Nokia. Chief Technology Officer Mitri Mattila will stay with the company and report to Raatikainen. Mattila has worked at Aspocomp since 1997 and sat on the Management Team since 2018. 

Chief executive Manu Skyttä's endorsement speaks to production as much as to technology:

Ville has a strong track record in managing complex technical environments, improving production performance, and developing high-quality, cost-effective design operations. He has a strong background in both global listed companies like Nokia and fast-growing technology companies like iLOQ, and I am pleased to welcome him to Aspocomp. 

Six of seven Management Team members will have joined since 2024

Raatikainen follows Ilkka Lohi, who became Quality Director on September 2, 2026 in a role the company raised to Management Team level. Listeds data shows how far the renewal runs. Skyttä became chief executive in 2024 after serving as EVP, Operations at Patria, and Pekka Holopainen joined the team as operations chief the same year. Hanna-Leena Keskitalo and Terhi Launis followed in 2025, with Launis taking over finance on September, 2025. When the January 2027 line-up takes effect, Antti Ojala, a member since 2013, will be the only one whose seat predates 2024.

This is a team assembled for the expansion, not inherited from the loss years. The board supplies the sector memory. Chairman Ville Vuori is a former Incap chief executive, and director Anssi Korhonen was CTO of VTI Technologies.

The hire lands as Oulu moves from construction to yield

The Oulu program is worth more than EUR 10 million and aims to lift throughput capacity by up to 50%. Demand had already outrun the plant. At the strategy launch in November 2025, Skyttä said: “The capacity of the Oulu plant has been fully utilized throughout 2025, and demand has already exceeded our capacity.The growth in demand in our largest customer segments appears likely to continue over the next 5–10 years.” The building extension was finished on schedule and within budget, and new capacity is to be commissioned in phases throughout 2027. By July the automated warehouse was running, factory acceptance tests for new production lines had begun, and management said the second half would center on production quality and yield.

The risks are operational. Spare-parts shortages after an equipment manufacturer's bankruptcy slowed deliveries in the first quarter. Delivery times for laminates, fiberglass, resins and copper foil are lengthening and prices are rising, and the company warns that the installations may temporarily disrupt production. Those are manufacturing engineering problems, and that is the experience Raatikainen brings from iLOQ.

A record order book still has to turn into margin

Period

Net sales, EUR m

Operating result, EUR m

Orders received, EUR m

Order book, EUR m

Equity ratio

FY 2025 

38.2 (27.6)

0.9 (-4.0)

39.3 (37.0)

21.1 (19.9)

65.0%

Q1 2026 

9.7 (10.3)

0.2 (0.8)

12.2 (11.4)

23.5 (21.0)

63.9%

Q2 2026 

10.6 (10.1)

0.4 (0.2)

12.9 (8.8)

25.9 (19.8)

60.9%

H1 2026 

20.3 (20.4)

0.6 (1.0)

25.2 (20.3)

25.9 (19.8)

60.9%

The order book reached a record EUR 25.9 million at the end of June, with parts stretching to late 2027. Semiconductor customers placed 38% of second-quarter orders and defense customers 25%, while the five largest customers' share of net sales fell to 58% (75%). Profit has lagged, weighed down until the second quarter by low-margin orders agreed in 2024. Skyttä's position is unambiguous: “We expect profitability to improve in the second half of the year.”

Skyttä took that defense case to investors on September 21, 2026, when Aspocomp pitched at the Listeds Investor Event – Defence alongside Gofore, Kesla, Savox Communications and Betolar, with three more defense and dual-use companies presenting in a separate growth round. Helene Auramo, CEO of Listeds Oy opened the evening with the question “Can Europe build what it has ordered?” Skyttä gave his reply in a LinkedIn post afterward: “My answer, in short: not without PCBs.” In the same post he put Europe's share of global PCB production at 2.2% and said the number of European PCB makers has fallen from 593 to 168 since 2000. Aspocomp's order book already reflects that shortage, and its capacity to meet it is what the Oulu expansion will test. 

Aspocomp is aiming for EUR 100 million in sales and a double-digit margin

The 2026 to 2030 strategy targets more than EUR 100 million in net sales in the long term and an EBIT margin exceeding 10% in the midterm, with the aim of ranking among the top three PCB manufacturers and suppliers in selected European segments. Oulu alone will not deliver that. The company states that reaching the sales target depends on expanding its production network, also through M&A, alongside a wider partner network outside China. The expansion of Oulu plant  is funded by a directed share issue of about EUR 3.2 million and EUR 5.5 million in long-term loans, plus about EUR 1.75 million from the EU Just Transition Fund. For 2026, Aspocomp guides for higher net sales and a better operating result than the EUR 38.2 million and EUR 0.9 million of 2025.

Market Signals

Sensofusion seeks a €1.3 billion Helsinki listing with its founder keeping control

Sep 24, 2026

Drone countermeasures company Sensofusion plans to list on Nasdaq Helsinki in October at a pre-money valuation of up to €1.3 billion. That would make it the first growth company to join the Helsinki exchange valued above €1 billion. The company aims to raise about €300 million in new shares, and four Finnish institutions have already committed €170 million of that.

The anchor investors are Elo, Ilmarinen, Varma and funds managed by OP Fund Management . The offering will include a public offering in Finland and an institutional offering in Finland and internationally, including in the US. The majority shareholder, Haave Oy, and some other shareholders will also sell existing shares.

A 60.8% operating margin carries the valuation

Sensofusion's revenue rose almost 90% in 2025 to €35 million, with profit of more than €23 million. In the first half of 2026, revenue grew another 122%. In the 12 months to the end of June 2026, the operating margin was 60.8%. Revenue grew at an average annual rate of 91.1% between the 2024 financial year and that 12-month period. Earlier this decade, annual revenue was around €700,000.

The company's main product, Airfence, detects hostile drones and can disable them by radio jamming. Customers include Ukraine, NASA, the Finnish Defence Forces and the Finnish Border Guard. "A large number of our customers are operational in some way, involved in war," said founder and CEO Tuomas Rasila.

The company says most of its revenue already comes from outside conflict zones. Rasila expects demand to grow whether or not the war in Ukraine continues, pointing to NATO members' commitment to spend 3.5 to 5% of GDP on defence. "There is nothing we hope for more than the end of war," he said. Chairman Timo Ahopelto put the market's annual growth at about 30%. "By 2030, the market will increase approximately fivefold," he said.

The proceeds will fund research and development in software, detection and countermeasure technologies, artificial intelligence and satellite capabilities. They will also pay for more production and testing capacity and strengthen the balance sheet.

Rasila will remain the controlling owner

Rasila owns up to 82% of the company, according to Helsingin Sanomat. He says the listing is not an exit. "I want Sensofusion to grow bigger than its founder. At the same time, I intend to continue as CEO," he said. He also plans to sell only a small part of his holding: "I am selling maybe about one percent of my own share and I am committing to not selling the 99 percent"

Suppose the issue raises the full €300 million at the maximum valuation. The dividend policy puts reinvestment first, and any future payouts will depend on the company's financing needs for growth. New shareholders are paying for growth, not for influence. The board and management already include familiar names: Ahopelto as chairman, and Mikko Hyppönen, formerly of F-Secure, as research director.

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