MILAN — Alexander McQueen and Stella McCartney have quite nice nest eggs, thanks to Gucci Group.
A little-noticed filing with Britain’s equivalent of the SEC showed that McQueen and McCartney each pocketed substantial sums through their tie-ups with Gucci. McQueen took home $22.5 million, or 13.6 million pounds in local currency, when he sold 51 percent of his company to Gucci back in 2001. McCartney, who sold 50 percent of her firm to Gucci that same year to launch a label under her own name, made $10 million.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)