I’m sure you remember MCM. A German-based company known as Michael Cromer Munich, it epitomised glamour and was huge in the 1980s. But by 1997, the luxury brand had faded.Now, Sung Joo Kim, a Korean business woman, is resurrecting the label, with a new name: Mode Creation Munich.
We heard about this in a Wall Street Journal article (entitled MCM’s Eastern Makeover). We recall going to the launch of MCM’s Sydney store. It opened to much fanfare in around 1993/94 from memory, but didn't last long.
We find this W.S.J. article interesting (a) because of the hope and huge amount of money that Ms Kim is investing in 'bringing the brand back'; (b) she is doing this by changing the name from the founder; (c) she is pushing the brand out from South Korea onto the Asian (first and foremost) market, US and Europe... Also, her sales were equal in 2009 to where they were at the height of the brand's original success in 2003 - it's impressive.
We believe this brand will continue to grow from strength to strength in the South Korean and Asian markets as it has 'some' heritage and has the European edge marque that consumers are nostalgic and aspirational about...
Image credit: M. Scott Brauer for The Wall Street Journal. It shows Ms Kim.
