Stella McCartney Reports Losses of £32.7 Million

Stella McCartney has reported a loss of £32.7 million (approx. $40m USD) over the 2021 calendar year.McCartney's financial struggles have come following a costly split from its previous parent company, Kering, in 2018 along with the business challenges that were brought about by the Coronavirus pandemic. The company, which received a minority investment from LVMH in 2019, has been going through a strategic turnaround since 2020 -- this has included bringing its e-commerce management in-house an...