By  on February 29, 2008

LONDON — The Alexander McQueen and Stella McCartney brands have hit their long-awaited profit targets on time, but that is just the first of many hurdles they have to overcome.

On Wednesday, PPR reported that both London-based businesses had moved into the black in 2007, a goal that Robert Polet, chief executive of their parent, Gucci Group, had originally set in December 2004.

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