Company Sungjoo Design Tech & Distribution Co., Ltd.
Country South Korea
Email n.a.
Telephone +82-2-2194-6700
Market Segment Premium
Core Business Bags

MCM Financial Report 2018

 
 

Sungjoo Design Tech & Distribution Co., Ltd. Financial Report

Income Statement Trend

Total Revenue

It includes the overall revenue of the company, considering not only the sales of finished goods, but all of the sources of the company income.

Operating Margin

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.

Income Statement Highlights

in Millions of KRW20142013Δ
2014/2013
2012Δ
2013/2012
CAGR
Total Revenue      
Operating Income      

Balance Sheet Highlights

in Millions of KRW20142013Δ
2014/2013
2012Δ
2013/2012
CAGR
Total Assets      
Equity      

Official Websites

MCM website
MCM ecommerce

Brand doesn't have an official ecommerce

Official Social Media

Brand Description

Establishment

Year
1976
City
Munich
Country
Germany

Founder

Michael Cromer

Head Designer

Michael Michalsky

Profile

Mode Creation Munich, commonly known as MCM, is South Korean luxury brand of leather goods, apparel and footwear. The brand is helmed by president and chief executive officer Ralph J. Polese, former president of Gucci Korea; with Michael Michalsky as its main designer. The company has offices in eight countries with over 270 boutiques worldwide in 30 countries. Its' range of products included luxury handbag collection and vintage briefcases, as well as its men's bag products and gloves.

It was a German brand founded by Michael Cromer in Munich in 1976 as 'Michael Cromer Munich' (MCM). It was headquatered in Zurich, Switzerland until 2005, where it was purchased by Sungjoo Design Tech & Distribution, and renamed 'Mode Creation Munich' (MCM).
In 2005 the brand was taken over by Sungjoo Design, headed by chairwoman and CEO Sung-Joo Kim, who had been the German brand's exclusive licensee and distributor in Korea since 1994, who are also licensee for Marks & Spencer, Lulu Guinness bags and Billy Bag. At that time, the brand's annual sales was ₩180 billion, which increased by 18% to ₩220 billion in 2009.

Business Strategy

Market Positioning

Premium

Core Business

Bags

Target

Men
Women

Product Categories

Accessories
Bags
 

Sungjoo Design Tech & Distribution Co., Ltd. profile

Name Sungjoo Design Tech & Distribution Co., Ltd.
Website sungjoogroup.com/
Country South Korea
VAT Number n.a.
Telephone +82-2-2194-6700
Fax +82-2-2269-7742
Date of foundation 1990
Type of Company Private

Headquarters

734, Eonju-ro, Gangnam-gu, Seoul

Ownership (Top Shareholders)

Sungjoo Design Tech & Distribution Co., Ltd. doesn't provide the information on its shareholders.

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