Friday, 5 June 2009

The Recession Is Not Raining On Hermes’ Parade – 5/6/09


Despite the economic doom and gloom, it’s business as usual at Hermes. The French luxury goods group recently reported relatively stable 2009 sales.

But Hermes doesn’t have their head in the sand – according to a Reuters article, their Chief Executive Patrick Thomas warned shareholders during their annual general meeting that “it would be an illusion to think the group would be shielded from the crisis.”

Long live Hermes’ stability we say! Something is right in the world.

Posted by MO at 9:39 am
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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