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Article: Stella McCartney losses total [pounds sterling]15m.
- Article from:
- Daily Mail (London)
- Article date:
- February 22, 2006
CopyrightCOPYRIGHT 2006 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: NICOLE LAMPERT
STELLA McCartney's design company is still losing money, four years after it was started at massive cost to Gucci, it emerged yesterday.
The label has posted losses of nearly [pounds sterling]1million in its latest trading year.
But this did not stop Miss McCartney from drawing a salary of [pounds sterling]515,514, the company's report revealed.
Concessions with high street labels H&M and Adidas have failed to stem the losses at Stella McCartney, which now total more than [pounds sterling]15million.
The designer, 34, is in the red despite the company doubling turnover from [pounds sterling]3.7million to ...