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.