
MCM grew flashy and ostentatious through the 1980s and, at its 1993 peak, ran 250 branches worldwide with $250 million in sales. After a 1990s restructuring split and sold its trademark, the brand was acquired in 2005 by Sungjoo Group, the South Korean business founded by Sung-Joo Kim of the Daesung family, and relaunched in 2006 with designer Michael Michalsky.
Today MCM makes roughly 70% of its sales in Asia, with the rest across Europe, the Middle East and the Americas, and design centers in Seoul, Milan and Berlin. Since 2023, Tina Lutz has served as Global Creative Lead and Katie Chung as Creative Director.

