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Stella McCartney Reports Losses of £32.7 Million
Stella McCartney has reported a loss of £32.7 million over the 2021 calendar year. McCartney's financial struggles have come following a costly split from its previous parent company, Kering, in 2018 along with the business challenges that were brought about by the Coronavirus pandemic. The company, which received a minority investment from LVMH in 2019, has been going through a strategic turnaround since 2020 - this has included bringing its e-commerce management in-house and licensing its childrenswear to Italian group, Simonetta Spa. However, the company's turnover grew 14 percent to...
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Stella McCartney shares latest environmental impact report
Image: Stella McCartney; Mylo mushroom leather bag developed with Bolt Threads
Stella McCartney has revealed that its total valued impact on nature in 2021 was estimated at 3.1 million euros, mainly from greenhouse gas emissions, which counts for 72 percent of its overall impact, along with land use and water consumption.
The 2021 impact figure is down from 5.3 million euros in 2020, and 8.2 million euros in 2019. However, the luxury ethical brand noted that it is not possible to directly compare this year's result with previous years. That is because, for this most recent environmental...
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