Alexander McQueen Fashion Line will Continue
Friday, February 19th, 2010A French luxury group has announced their intention to continue Alexander McQueen’s fashion line after his death last week. Francois-Henri Pinault, PPR president, said that this will be the best tribute they can offer him.
Last Thursday, the British fashion designer hanged himself in his wardrobe and even left a note. The incident came the day before he was to attend his mother’s funeral, following her death on February 2. He and his mother were very close, and he was distraught over her death.
As for McQueen’s fashion label, there are 11 boutiques and 180 people employed by the label worldwide. It is part of the Gucci Group, which is owned by PPR.
The announcement from the French group was made at a press conference after they revealed that profits increased 6.9% last year, which was partially due to the sale of CFAO, their African distribution business. The company’s net profit was £857 million ($1.3 billion) for last year, up from the year before. Pinault said that PPR had a notable financial performance last year despite the worldwide recession.
In a statement from Gucci Group, the company expressed their interest in continuing the growth of McQueen’s brand. They said that they are committed to presenting the collection at Paris Fashion Week in just a couple weeks. President and chief executive Robert Polet said that he strongly believes in the future of the brand, and McQueen will have a legacy that Gucci will continue protecting, growing and celebrating.
The so successful designer became the chief designer at Givenchy in 1996. He started creating his own label, and a majority stake in the label was bought by Gucci in 2001. McQueen had also won 4 British Designer of the Year awards.
