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Stella McCartney posts first ever profit

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Stella McCartney MAY be viewed as one of Britain's most successful fashion designers, but her company has only just started to make a profit, figures have revealed.

Yesterday, Stella McCartney Ltd reported profits of £180,678 over 2006, a huge improvement on the £1.2 million losses recorded the previous year.

Figures showed that profit from the London store jumped by 50% last year, and include Stella's various other ventures, including fragrance, skincare and her collaboration with Adidas.

Stella owns 50% of her company, with the other 50% belonging to the Gucci group. Speaking to WWD, Robert Polet president of the Gucci groups commented, 'This achievement is an important pillar for the brand and for our group as a whole, and it has been reached one year ahead of schedule.'

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Wednesday 3 October 2007

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