Stella McCartney's fashion house sounds the alarm over its finances after a slump in sales
2 weeks, 2 days ago

Stella McCartney's fashion house sounds the alarm over its finances after a slump in sales

Daily Mail  

Stella McCartney’s fashion house has sounded the alarm over its finances after a slump in sales. The label, run by the daughter of Beatles legend Paul McCartney, said it would need further cash in 2028 amid a drastic global slowdown in demand for luxury fashion. And it said it may be forced to consider alternative sources of funding in the long-term future Directors said there could be ‘significant doubt on the group’s ability to continue as a going concern in the long-term.’ But they confirmed that they were ‘confident’ it would have ‘sufficient funds’ for at least the next year. The label, run by Stella McCartney, said it would need further cash in 2028 amid a drastic global slowdown in demand for luxury fashion.

History of this topic

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