Stella McCartney’s revenues surged by 23 per cent to over £40 million in FY’23 from £32.5 million in FY’22. Profit sharing with Stella McCartney Italia SRL amounted to £22.8 million, which comprised 57 per cent. The brand’s physical store sales rose by 18 per cent to £6.3 million.
The brand’s operating loss shrank to £8.76 million from £30.3 million as gross margin improved significantly and operating expenses shrank by 17 per cent. The brand’s pre-tax and net losses also reduced to £10 million compared to £32.7 million a year earlier.
During the year, the brand also renewed its long-standing collaboration with Adidas and launched a new skincare range in August.
The business didn't open any new stores during the year, with the total number of directly operated locations remaining at just two. However, it focused on “like-for-like business and local initiatives besides upgrading online customer experience.
