Last fiscal year ended on December 31, 2020
It represents the brand's turnover from the sales of finished goods through all of the distribution channels - retail, wholesale and e-commerce, after the deduction of returns, allowances for damaged or missing goods and any discounts allowed.
Also known as ROS - Return on Sales, it measures the percentage of sales revenue that gets 'returned' to the company as net profits after all the related costs of the activity are deducted. The figure is about the latest fiscal year available.
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It's a measure of a company's overall profitability, i.e. how much of its sales are converting to profit. The value given is the amount of sales needed to generate one currency unit of post tax profit. Negative values mean that the company has a negative level of post tax profit. The figure is about the latest fiscal year available.
It's a key measure of success. The profit ratio measures the amount of profit generated by each single currency unit of sales. The figure is about the latest fiscal year available.
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|Cost of Sales|
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After graduation in 1980 he worked as a freelance designer for five years. Between 1985 and 1987 he worked for Jean Paul Gaultier, before showing his first collection under his own label in 1989. Between 1997 to 2003 he became, despite his non-traditional design, the creative director of the Hermès women's line.
During the 1980s, the Japanese avantgardists, with Rei Kawakubo-creator of the label Comme des Garçons-had turned the fashion scene upside-down with their eccentric and ground-breaking designs. Martin Margiela and the Antwerp Six would carry on the work, revolting against the luxurious fashion world with garments of oversized proportions such as long arms, and with linings, seams and hems on the outside.
The concept of deconstruction, also embraced by the aforementioned Rei Kawakubo, is important for the understanding of Martin Margiela's fashion statement. Margiela famously redesigns by hand objects such as old wigs, canvases and silk scarves into couture garments.
Throughout his career, Martin Margiela has maintained an extremely low profile. He has never had his picture taken and remains backstage after his shows. All media contact is dealt with via fax. Maison Martin Margiela's ultradiscreet trademark consists of a piece of cloth with the numbers 0-23. The badge is attached to the inside with its four little white pick stitches, exposed to the outside on unlined garments. For the 20'th anniversary the anonymous tag was replaced by a classic logotype.
Margiela's brand was acquired by the Diesel brand in 2002 and industry insiders quoted in the article suggested that Martin Margiela may desire to leave due to creative differences, or simply, "... a desire to enjoy his life outside the insistent glare of the fashion world."
An article in New York Times dated October 1, 2008, gave many in the fashion world their first glimpse of Margiela's face, as well as breaking the news that he allegedly offered to hand the reins of his company over to Raf Simons, who appears to have declined the offer. Haider Ackermann was later offered the position as creative director, but similarly turned it down.
In October, 2009, Margiela majority stakeholder Renzo Rosso finally made public: "Martin has not been there for a long time. He is here but not here. We have a new fresh design team on board. We are focusing on young, realistic energy for the future; this is really Margiela for the year 2015."
A press release announced in December, that Margiela "has left the business. No replacement creative director will be appointed. Maison Martin Margiela will continue trading but the company declined to comment on the reasons for Margiela's exit."
One of the biggest elements of the fashion industry hit by the coronavirus pandemic was the fashion w...