CBS Sunday Morning
The popular English fashion designer known as Stella Nina McCartney has been struggling for the past few years. For those unaware, she is the daughter of British singer-songwriter Paul McCartney from The Beatles.
Her luxury fashion brand didn’t have a great 2021. Of course 2021 was a pandemic year and many brands struggled, but the brand has been struggling for some time now.
As reported by the UK registrar Companies House, Stella McCartney reported a total loss of $39.4 million for the 2021 calendar year. It is the third consecutive year that Stella McCartney reports a loss of over $35 million USD since receiving a minority investment from LVMH back in 2019. Ouch.