Chief executive officer of Gucci Group, Robert Polet announced this morning that despite the suicide last week of its founder and creative director, the Alexander McQueen business will go on.
"We believe in the future of the brand," said Polet, speaking at PPR’s annual results presentation in Paris. "Lee was very proud of the people working in his company, and so am I." PPR president Francois-Henri Pinault added, "this would be the best tribute that we could offer him."
Sales of Alexander McQueen clothing and accessories have increased 1,400 percent since McQueen's death was reported. The company first broke even in 2007 and made a small profit in 2009 only to return back to losses during the financial crisis of 2009.
PPR confirmed the Alexander McQueen fall 2010 collection, most of which was completed before McQueen's suicide, will show during Paris Fashion Week. According to the current schedule, the runway show will be held on March 9 at 8:30PM.