Wednesday, 3 February 2010
The rumours about Richemont’s interest in Rodenstock, a Munich-based eyeglass-frames maker, seem to be true, if you believe an unconfirmed report by Bloomberg.
We briefly mentioned this rumour in the January 22 MO Down, but now we can reveal Trilantic Capital Partners, the private-equity fund backed by Johann Rupert, Chairman of Richemont, has made an offer to take control of the Rodenstock Group.
There are also claims that Richemont has offered Rodenstock a licensing deal that would permit Rodenstock to make glasses under luxury brands like Chloé and Montblanc. For more detailed information, click here.
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