MCM
Company
Sungjoo Design Tech & Distribution Co., Ltd.
Country South Korea
Email n.a.
Telephone +82-2-2194-6700
Country South Korea
Email n.a.
Telephone +82-2-2194-6700
Market Segment
Premium
Core Business Bags
Core Business Bags
MCM Financial Report
MCM Updates
Sungjoo Design Tech & Distribution Co., Ltd. Financial Report 2021
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
Sungjoo Design Tech & Distribution Co., Ltd. doesn't provide its Operating Margin figure.
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 KRW | 2020 | 2014 | Δ 2020/2014 | 2013 | Δ 2014/2013 | 2012 | Δ 2013/2012 | CAGR |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | ||||||||
| Operating Income |
Balance Sheet Highlights
| in Millions of KRW | 2020 | 2014 | Δ 2020/2014 | 2013 | Δ 2014/2013 | 2012 | Δ 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
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.
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
Fax +82-2-2269-7742
Date of foundation 1990
Type of Company Private
Headquarters
Ownership (Top Shareholders)
Sungjoo Design Tech & Distribution Co., Ltd. doesn't provide the information on its shareholders.
Sungjoo Design Tech & Distribution Co., Ltd. Brands
MCM Marketing Research
Streetwear in 2019: Rise or Fall?
For some time now, the Streetwear trend has been on the rise, becoming increasingly mainstream. In fa...
31 pages
Collaborations In Fashion
Nowadays, fashion news is flooded with announcements about collaborations between fashion houses, bra...
39 pages
Fashion E-Commerce in China
Chinese fashionistas have a very high purchasing power, and most customers were accustomed to buying ...
56 pages
Are you from MCM?
Or perhaps you need help to leverage your brand's power to deliver real business impact?
We have solutions for your needs!