LONDON — Sales and profits at Stella McCartney Ltd. are on the rise as the company continues to expand its retail footprint worldwide.
In the fiscal year ended Dec. 31, sales at Stella McCartney Ltd. advanced 19 percent to 21 million pounds, or $33.6 million, while profits climbed 0.5 percent to 2.9 million pounds, or $4.6 million, according to documents filed at Companies House, the official registrar of firms based in the U.K.
All figures have been converted to dollars at average exchange rates for the 12-month period.
Stella McCartney Ltd. is the U.K. legal entity within the worldwide business, which is consolidated into PPR’s accounts. The U.K. division oversees the trademarks, licenses, and the brand’s two London stores, on Bruton Street and on Fulham Road. Stella McCartney is jointly owned by the designer and PPR.
The figures reported do not take into account wholesale sales or turnover from the brand’s directly operated stores outside the U.K.
Frederick Lukoff, president and chief executive officer, said growth in 2011 came from all product categories and from retail and wholesale sales. “It’s been very balanced,” he said.
At the end of December, a second Chinese store — at Beijing’s new Parkview Green shopping mall — is set to open. Lukoff said the unit will be a two-story “statement store” spanning 3,500 square feet.
The momentum generated in 2011 has continued into the current fiscal year, he added. “We’re still growing healthily, although we’re remaining vigilant about the external environment. There is room to grow and we are optimistic,” he said.
In other news, L.I.L.Y., the brand’s second stand-alone fragrance, will launch in the U.S. at Sephora next week. McCartney will do a personal appearance in December to support the launch.
The brand currently has 20 freestanding stores and 25 shops-in-shop worldwide, and Lukoff said more retail expansion is in the pipeline for 2013, although he declined to provide details.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast