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October 03, 2007
Stella McCartney Turns Its First Profit
Stella McCartney Ltd. has reached profitability, reporting earnings of around $369,000 for 2006. Parent brand Gucci Group gave the label until 2007 to turn a profit as a way to keep tabs on the developing business.
Gucci has been busy forging new sales agreements for Stella over the last year to increase its profile and distribution. Now the company says that it wants to consolidate the brand and concentrate on improving its existing business.
Posted by Blacks on October 3, 2007 10:02 AM
