Despite the bad economy, it seems things are going very well for designer Stella McCartney.
Profits at Stella McCartney Limited in 2008 went up by 78% to around $3.31 million!
Just sales in the twelve months to December 31, 2008, rose almost 20% to $25 million.
And this is reportedly mainly thanks to the strong ready-to-wear sales.
The company’s president and chief executive officer Frederick Lukoff said that wholesale sales combined with ├óΓé¼┼ôtwo strong rtw collections” were responsible for the growth.
And despite the current economy, he claims he remains confident in the brand.
In fact, so confident that more stand-alone stores are in the plans.
And just what’s been the best seller so far this year?
It was the Falabella chain bag. Hawt.
And expect many new things from Stella, such as her colllaboration with GapKids being released November 1st.
[Image via WENN.]