Stella McCartney
© AFP/File Pierre Verdy
London, Oct 1: Her father might be worth a whopping 825 million pounds, but he always insisted that his children should work hard to build their personal bank accounts, and Sir Paul McCartney’s fashion designer daughter Stella has just realized his dreams.
11 years after she graduated and five years after she set up her fashion label, she can boast of 23 million pounds in world-wide sales and a UK turnover of 7.3 million pounds - double of what it was a year ago.
The latest accounts for Stella McCartney Ltd have shown that the business is close to making a profit for the first time.
Next week, Stella, who is married to Alisdhair Willis, a publisher, will show her ninth collection under her own name on the Paris catwalk
The designer, who has an 18-month-old son, called Miller, and is currently seven months pregnant with their second child, has an empire that includes stores in Mayfair, New York and Los Angeles selling high-end jewelry, eyewear, accessories and a fragrance.
She also has a collection for Adidas, a one-off hit line for H&M and, and most recently a Stella-designed credit card for Coutts bank.
According top company directors, the business will reach its target of profitability by next year.
"Stella has also upped her range of accessories and she can make more money on the back of that. Then there's the perfume - and she won't use leather so her shoes and things are vegetarian and people want to buy into all of that," the Daily Mail quoted them, as saying.
"In the scheme of things, it's all working for her," they added. (ANI)