<P> The MCM label , originally stood for Michael Cromer München , was founded by Michael Cromer in 1976 in Munich , Germany . The company designed expensive leather suitcases and handbags which became popular during the 1980s for being `` ostentatious and flashy '' . At the height of its popularity in 1993 , 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 . </P>
<P> The MCM label , originally stood for Michael Cromer München , was founded by Michael Cromer in 1976 in Munich , Germany . The company designed expensive leather suitcases and handbags which became popular during the 1980s for being `` ostentatious and flashy '' . At the height of its popularity in 1993 , 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 . </P>
what does the name brand mcm stand for
what does the name brand mcm stand for
Michael Cromer München
Michael Cromer München