Search on Fashionbi
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, forme...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.
Adrian Josef Margelist
Tina Lutz and Katie Chung
The financial data for this brand is limited.Contact us for income statement
Our team will check for the data and get back to you shortly.
Sectors & Markets
How can brands and retailers communicate with the younger audience and their parents?
Nurturing Sustainability in Fashion: Investigating the Essential Elements for Building a Circular...
Sectors & Markets
Key Companies Behind Branded Beauty Products and the Accessories
Or perhaps you need help to leverage your brand’s power to deliver real business impact? We have solutions for your needs!Contact us