A mere rumour making the rounds yesterday about the performance of the world's biggest luxury goods conglomerate, LVMH Moet Hennessy Louis Vuitton SA, resulted in a share price decline days before their actual official announcement. According to an article in Bloomberg, "..The company was scheduled to report first-half earnings on July 29."
Is this a case of 'where there is smoke there is fire'..? We prefer to act on fact and not indulge the rumour mill. We wait patiently for the press release on Wednesday, clearly all will be revealed and naturally, we will pass it on.
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
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