Thursday 22 January 2009

The Good News with the Bad News at Burberry - 21/01/09

It was only days ago we reported that Burberry had moved into new digs and it was great to talk about something positive.

Well no surprise that the good news doesn't always last long and in the case of Burberry they have had something of a contrast in their recently reported news. So what do you want to hear first, the good news or the bad news? The good news is Burberry reported a 30 percent rise in third-quarter revenues... The bad news is they are planning to terminate the Thomas Burberry line, close a factory and divest of more than 500 staff in Spain and the U.K. Read more on this in WWD or CNN
Posted by MO at 4:56 pm
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Who's behind the MO DOWN

Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury, www.moluxury.com.au