Friday, 22 January 2010
Prada confirmed to WWD that Francois Kress will be the new CEO of Prada USA. Click here for our earlier report on Kress.
Richemont is rumoured to be sizing up Rodenstock, a Munich-based eyeglass-frames maker, to purchase a majority stake. Both companies have declined to comment, and analysts are quashing this rumour as Rodenstock is “a totally different business” and has “nothing to do with luxury goods”. See Reuters for further speculation and debate.
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