Stella McCartney Brand’s Losses Narrowed to 10M Pounds in Fiscal 2022

LONDON — Stella McCartney’s business in fiscal 2022 saw considerable improvement, with the company’s loss before tax narrowing to 10 million pounds from 32.7 million pounds a year earlier, according to the latest filing at Companies House in the U.K. Turnover in the 12 months to Dec. 31, 2022, rose 23 percent to 40 million pounds, which applies only to the sales the brand generates in the U.K. Operating loss shrank to 8.7 million pounds in the period, from 30 million pounds in 2021. The statement said the strong improvement in operating loss versus 2021 confirmed “the trajectory toward break-even.” In that period, the brand ran two directly operated stores, hosted two fashion shows at the Centre Pompidou in Paris,…