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Maison Martin Margiela Brand Sees Profit In January

Fab Flash: Maison Martin Margiela Sees Profit Despite Economic Downturn

The struggling economy has some designers running for cover but not Maison Martin Margiela. The brand has reported a 21 percent increase in sales compared to last year, and by the looks of it the brand shows no sign of slowing down. Margiela chief executive, Giovanni Pungetti, credits the brand's success with its recent “good collections." Maison Martin Margiela will also debut its second fine jewelry collection later on this year. However, the brand is staying cautious and careful with spending. “We have to be prudent and careful. This is not the moment to spend too much,” said Pungetti. Finally, some good news!

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