Monday, 7 September 2009

For Versace, It’s Out With The Old, In With The New – 7/8/09

It seems as one door closes, another one opens in the world of Versace. According to Reuters, Versace has ended its licensing contract with IT Holding, which owns Milan fashion house Gianfranco Ferre and was put into special administration earlier this year. See The MO Down for 24 August for more information.

So it's arrivederci to IT Holding and ciao to Gruppo Facchini, "an Italian company that operates in clothing, hotels and art, and which already works on Versace group's Versus line."

To read more on these developments, click here.

Article by: Melinda O'Rourke

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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,