Greener Pastures: Stella McCartney Sees 2016 Revenue, Profits Climb

Greener Pastures: Stella McCartney Sees 2016 Revenue, Profits Climb Samantha Conti LONDON — It's not easy being green, but Stella McCartney is proving that an environmentally focused sourcing and production strategy can feed sales and profit growth. The designer also has some major changes planned for London: WWD has learned that next spring, the label will move its flagship to Old Bond Street, taking over the former Joseph space. According to documents filed this week at Companies House, the official register of U.K. businesses, turnover at Stella McCartney rose 31 percent to 41.7 million pounds in the 12 months to Dec. 31, 2016. Profits in the period were up 42.5 percent to 7 million pounds. The numbers refer solely to Stella McCartney's U.K. business and worldwide licensing revenue. They do not take into account wholesale sales or turnover from the brand's directly operated stores outside the U.K. Stella McCartney is part-owned by Kering, which does not break out the full financial statements for its individual businesses. Stella McCartney's best-selling Elyse platforms.  Courtesy Photo In an interview, Stella McCartney's chief executive officer Frederick Lukoff said while all categories performed well, the Elyse shoe — a two-tone platform brogue with a wavy sole — was a "global hit." The shoe retails for about 580 pounds, while the sneaker version sells Follow WWD on Twitter or become a fan on Facebook. Read More... Fashion 3