Friday 14 August 2009

Escada Officially Insolvent - 14/8/09

In Munich Germany yesterday (13 August) Escada officially filed for insolvency. Unfortunately they were unable to secure a rescue plan of any sort, their White Knight seemed to have got lost deep in the Black Forest. See yesterday's The MO Down for further information.
Posted by MO at 7:53 am
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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