Friday, 18 December 2009

Luxury News In Brief – 18/12/09

Ungaro’s President, Mounir Moufarrige, has resigned, according to WWD. This resignation has been linked to Moufarrige’s controversial decision to employ actress Lindsay Lohan (see the MO Down for September 16 for details.) Marie Fournier has been named the new General Manager to oversee all operations.

Versace has announced a new Financial Officer, Francesco Buccola, who was a former executive at the Gucci group. Click here to read more.

Bulgari shares rose more than 3 percent again after HSBC upgraded the stock to "neutral" from "underweight". HSBC said the jeweller was "no longer underperforming in Asia ex Japan and managing costs more effectively." Click here to read more.

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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,