Losses build for Stella McCartney label

The design label of Stella McCartney slipped further into the red with annual losses widening 67% to £4.5m (€6.3m).

Stella McCartney Ltd, which is backed by fashion house Gucci, reported maiden sales of £434,600 (€616,000) for the year to January 31.

Board members including Gucci chief executive Domenico De Sole said the sales return and losses were “in line with directors’ expectations based on an agreed business plan”.