Home / Knowledge / News / Fashion / Alexander McQueen announces profitability
Alexander McQueen announces profitability
17
Mar '08
Alexander McQueen has achieved profitability, successfully meeting the financial target set out by parent company Gucci Group in 2004. In that time the luxury brand and its portfolio have developed substantially boasting a well balanced mix of sales in women's, men's, accessories and licensing.

In this short period the business has grown three fold with a presence in all key multi brand department stores worldwide as well as stand alone stores in London, New York and Milan. Recent openings include Moscow and Las Vegas.

The successful retail expansion continues in the US with an opening in Los Angeles scheduled for April 2008. The 3,100sq foot store will be located on the corner of Melrose Avenue and Melrose Place and will follow the strong aesthetic of existing stores in London, New York and Milan.

Future plans for retail expansion are heavily focused in the Middle East with franchise stores planned for Beirut, India, Jeddah and Bahrain over the next three months and Qatar, Kuwait and Dubai planned for the latter half of the year.

Accessories reflect a key area of growth, currently accounting for 30% of total sales. The ELVIE (launched a/w 2007) and the Flapper (launched s/s2008) fast became 'must have bags' and 'bags of the season' amongst the international style press and buyers.

McQ (launched 2006) continues to show impressive growth with distribution in all major markets globally with franchise openings planned in the near future in Asia and Europe.


Must ReadView All

Trump signs revised free trade agreement with S Korea

Textiles | On 25th Sep 2018

Trump signs revised free trade agreement with S Korea

President Donald Trump signed a revised free trade agreement with...

L-R: Jonathan Akeroyd, Donatella Versace, John D Idol. Courtesy: Rahi Rezvani

Fashion | On 25th Sep 2018

Michael Kors to acquire Versace; to be renamed Capri

Michael Kors Holdings Limited, a global fashion luxury group, has...

'India can take up lack of capacity in US, China markets'

Textiles | On 25th Sep 2018

'India can take up lack of capacity in US, China markets'

India can now take up the lack of capacity in the US and Chinese...

Interviews View All

Rashi Menda, Zapyle

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Yash Agarwal, Hitansh Online

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Liz Manning,

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search