Monday, 1 March 2010

A Change Of Fortune For LVMH’s Fendi – 1/3/10

We love to start the week on a positive. And at Fendi, which is part of the LVMH group, the outlook is “VERY positive” according to its CEO, Michael Burke.

Burke said Fendi had “very strong growth” in January and “even better” sales in February. Fendi sales in Asia and the Middle East are growing faster than in other regions, while Japan and the U.S. “have stopped declining.”

Fendi also impressed global audiences at last week’s Milan show. Karl Lagerfeld, the Creative Director of Fendi, Chanel and his own line, has received more accolades for this show, compared to the past few seasons. We wonder, is the profit at Fendi growing too? We imagine it must be, given the reduction in furs for this A/W 2010 season. Vogue’s suggested “the Roman home of superdeluxe furs has indeed caught the season’s mood of restraint…”

Click here to read more on Fendi’s financial news.

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,