Description
MCM Worldwide is a luxury fashion brand originally founded in 1976 by Michael Cromer Munich.
The MCM label, originally was popular for being "ostentatious and flashy".
Eventually, it owned 250 branches worldwide and recorded sales of $250 million.
Following a 1995 investigation of Cromer for alleged tax evasion by German tax authorities... banks and investors lost faith in MCM's financial stability.
In 1997, the company was restructured, and its stores and trademark rights were split and sold.
In 2005, the worldwide rights to the MCM brand were acquired from a Swiss financier by Sungjoo Group, a South Korean retail business founded by Sung-Joo Kim, the youngest daughter of South Korean magnate Kim Soo-Keon.
The MCM brand has reached $2 billion in sales in recent years.
The outside of this gorgeous bag has a gold leather exterior with a chain and leather shoulder strap, gold-tone accents and a zipper closing.
The spacious interior has light brown suede lining with one additional zipper pocket and two additional small open pockets inside.
Includes MCM dust cover bag.
Condition
Very Good
Dimensions
- Width - 14"
- Height - 11"
- Depth - 10"
- Shoulder Strap Drop - 21"
