Thursday, 19 November 2009

Burberry’s Profit Has Dropped 24 Percent – 19/11/09

The big news today is that Burberry have announced a 24 percent slump in their profits for the first half of the financial year.

But the luxury brand is not down and out. They’re looking to the future. They “expect to perform well in the second half of its fiscal year as it is selling a greater proportion of its goods through its own stores, and is continuing to trim costs in the face of the economic downturn,” according to The Wall Street Journal.

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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,