Fashion guru Stella Mccartney's design company is in financial trouble after losing $4.3 million (GBP2.7 million) in its first year.
The couturier daughter of former BEATLE Sir Paul McCartney launched STELLA McCARTNEY LTD with a blaze of publicity and $13 million (GBP8 million) from backers GUCCI.
But Stella is struggling to keep the company afloat and has had to be bailed out by the Italian fashion giants with several multi-million dollar cash injections, according to British tabloid the DAILY MAIL.
Gucci claims they didn't expect instant success from the 31-year-old, but a source tells the Daily Mail, "Gucci have poured millions into Stella's company so I'm certain they are disappointed."13/08/2003 13:59