Friday, 3 July 2009

The Valentino Fashion Group Is In A Financial Bind – 3/7/09

While Versace celebrates, luxury group Valentino Fashion struggles. According to the Wall Street Journal, the Valentino Fashion Group's lenders are looking to renegotiate the brand’s debts by the end of the (European) summer to avoid defaulting on their loans.

It seems that the Global Financial Crisis has severely weakened the Valentino Fashion Group, with profits from Hugo Boss declining by 27 percent in 2008. And if they can’t lift their game by the end of summer, we hate to think what might happen...

We’ll keep you posted on this breaking news, but in the meantime, read the latest in the Wall Street Journal article: Lenders Push for Valentino Debt Deal.

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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,