Wednesday, 9 September 2009

Lacroix Moves One Step Closer To A Borletti Bailout –9/9/09

We wondered just over a month ago: ‘Is There A Winner In The Lacroix Bidding War? (see The MO Down for 29 July). And now, it is looking more and more like the Borletti family will ‘seal the deal’ on the Lacroix rescue package by the end of this month.

There is not much more to tell at the moment, but we definitely have our fingers (and toes) crossed for Lacroix.

Read more in this Reuters’ article: Lacroix Administrator Eyes Borletti 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,