Thursday, 23 July 2009

Hermes Shares The Love With Its Rivals – 23/7/09

It’s official, Hermes’ recent good luck has rubbed off on its rivals. After their impressive 12 percent increase in second-quarter sales, the share prices have risen for LVMH and PPR, 1.5 percent and 1.1 percent respectively, according to a Forbes article.

This is a huge positive for the luxury industry as a whole, share(ing) is caring in this case. And what's good for the Hermes Birkin is clearly good for the Louis Vuitton Alma, Speedy and the Gucci Jockey or New Jackie...

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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,