Tuesday, 8 September 2009

Risky Business: HSBC Uncertain About The European Luxury Market – 8/9/09

International bank HSBC says that the European luxury goods sector is a tad risky right now, according to a Wall Street Journal research note released on Friday September 4th. The report said the luxury sector appears to have entailed some "unaccounted-for" risks, and that it prefers spirits and sporting goods". Which is somewhat surprising for us to read, given the issues the French champagne houses are facing with overstocks. See The MO Down for 25 August, A French Champagne Row Is Causing Sour Grapes, for our thoughts on the champagne crisis.
Posted by MO at 8:37 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