Stella McCartney reports companies first ever profit
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.’