Skip to content
  • Hot News Today
  • Fashion News
  • Automotive News
  • Technology News
  • Movie News
  • Health News
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
Copyright United Dairy News 2025
Theme by ThemeinProgress
Proudly powered by WordPress
  • Hot News Today
  • Fashion News
  • Automotive News
  • Technology News
  • Movie News
  • Health News
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
United Dairy News
  • You are here :
  • Home
  • Fashion News
  • Stella McCartney got pay rise while fashion firm took furlough cash | Stella McCartney
Stella McCartney got pay rise while fashion firm took furlough cash | Stella McCartney
Fashion News

Stella McCartney got pay rise while fashion firm took furlough cash | Stella McCartney

Eleanore Beatty December 25, 2021 Article

Stella McCartney took a in close proximity to £2.7m wage from her style organization past calendar year, up extra than £220,000 on the 12 months before, even though the business claimed virtually £850,000 in help from the government’s furlough scheme.

The designer’s pay back went up despite a 26{a78e43caf781a4748142ac77894e52b42fd2247cba0219deedaee5032d61bfc9} drop in income to £28.4m in the year to 31 December 2020, as product sales in the Uk extra than halved, when the firm recorded a pre-tax decline of £31.4m, according to accounts for Stella McCartney Limited filed at Firms Home. The team built a £33.4m pretax decline the 12 months before.

The accounts present McCartney’s label, in which she bought a minority stake to the French luxury products conglomerate LVMH in 2019, explained it was dependent on further funds becoming provided by its new shareholder in buy to remain a heading worry.

LVMH, which owns a suite of superior-conclude manufacturers which include Louis Vuitton, Christian Dior and Givenchy, experienced by now offered more loans of £26.3m previous 12 months, having its full lending to the team to just over £66m.

Stella McCartney Minimal explained the administrators of Anin Star Keeping, LVMH’s investment car, had “indicated their intention to keep on to make available these kinds of funds are wanted by the company” but there could be no certainty that support would go on.

The London-based mostly trend organization, which prides alone on its environmental and ethical qualifications, explained its goal for 2021 was to boost revenue by 4{a78e43caf781a4748142ac77894e52b42fd2247cba0219deedaee5032d61bfc9} and “significantly reduce” losses. Having said that, the business enterprise is most likely to have continued to be afflicted by even further significant avenue lockdowns and restrictions on socialising imposed through the Covid-19 pandemic.

LVMH acquired into McCartney’s label in 2019 just over a calendar year following she ended her 17-yr enterprise partnership with its rival conglomerate Kering, and bought back its 50{a78e43caf781a4748142ac77894e52b42fd2247cba0219deedaee5032d61bfc9} stake in her manufacturer.

McCartney, the daughter of the former Beatle Sir Paul and the late photographer and animal legal rights activist Linda, built her first jacket as a teenager. After work expertise at Christian Lacroix she rose to turn into the artistic director of the Parisian vogue house Chloé, just before setting up her have label in a joint venture with Kering, the proprietor of Gucci, in 2001.

Sign up to the day-to-day Small business Right now e-mail or comply with Guardian Small business on Twitter at @BusinessDesk

A spokesperson for Stella McCartney Constrained claimed: “During the lockdown senior management together with Stella took a wage reduction. The 2020 accounts relate to a yr of changeover and the effects of the pandemic on the retail sector, nevertheless specified these problems the brand names income have remained robust.

“In popular with all firms within our sector, we are at the moment dealing with a single of the most complicated durations confronted by a technology, and are conducting a evaluation in get to adapt our organization to the switching economics of our industry.

“Our mission to conclusion animal cruelty and to enable embed sustainability as main ideas in company conduct has shipped true development. We are self-assured we can emerge more robust and superior outfitted to carry on the crucial work in direction of a additional sustainable long run for all.”

You may also like

Generate Buzz for Your Summer Fashion Collection With These 10 Strategies

Farfetch Is Launching Its Own Fashion Brand There Was One—Shop It Now

Chanel tries to create ‘special moment’ in crisis-ridden world | Paris fashion week

Op Ed | Does Anyone Care Who Designs J.Crew? The Answer Is Complicated

The Brooklyn Circus Moves Beyond Brooklyn

What to Know About the Balenciaga Ad Scandal

Tags: cash, Fashion, firm, furlough, McCartney, pay, rise, Stella

Archives

  • December 2024
  • November 2024
  • September 2024
  • August 2024
  • July 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021

Calendar

July 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  
« Dec    

Categories

  • Automotive News
  • Business Tips
  • Fashion News
  • Health News
  • Home Improvements
  • Hot News Today
  • Law News
  • Movie News
  • Technology News

Recent Posts

  • How Does Web Hosting Affect Search Engine Ranking?
  • How to Choose the Best Stainless Steel Coils for Your Project
  • Understanding VPS Hosting Basics
  • Generate Buzz for Your Summer Fashion Collection With These 10 Strategies
  • Aging with Dignity: How Assisted Living Improves Quality of Life for Seniors

Archives

  • December 2024
  • November 2024
  • September 2024
  • August 2024
  • July 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021

Visit Here

Healthy Cat

Copyright United Dairy News 2025 | Theme by ThemeinProgress | Proudly powered by WordPress

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT