THE EXCELLENTLY DAZZLING DEBT OF THE LATE, GREAT ALEXANDER McQUEEN

Reading of recently deceased British designer Alexander McQueen’s dazzling debt to fashion, in David Brown‘s report McQueen’s legacy uncertain as accounts show fashion house had £32 million liabilities, in the February, 18, 2010 edition of The Times of London: “His dramatic creations dazzled the catwalks for a decade, but the legacy of the fashion designer Alexander McQueen could be decided on the basis of a balance sheet. An indication of the future of his fashion label will be given this morning — a week after the designer’s apparent suicide — by the French luxury group that controls his name. McQueen’s eponymous brand struggled to make a profit and had millions of pounds of liabilities at the time of his death. Analysis of the most recent accounts of McQueen’s British companies show that their current liabilities totalled more than £32 million. Although founded in 2001, the brand did not break even until 2007 and made a relatively small profit in 2008, before the world banking crisis that hit many high-end fashion companies.”… To read the full article, please click here.

Alexander McQueen's debt to fashion: Dollar Sign 1981. Acrylic and silkscreen ink on canvas. 2290 x 1780 mm. Photo courtesy Anthony d'Offay Ltd. © The Andy Warhol Foundation for the Visual Arts/ARS, NY and DACS, London 2008. Image via The Tate Museum, London.

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