Wednesday, 31 March 2010
We have positive news from the house of Prada. They have announced that their 2009 ‘core’ profit rose 2.8 percent to 290 million euros (AU $424 million), boosted by a rise in more profitable retail sales even as its wholesale business declined.
Prada told Reuters that “its strategy of developing a direct distribution channel had paid off with retail sales rising 14 percent in the year.” The company also said the results were particularly good when taking into acount the global economic crisis.
Image courtesy of Vogue.com.au
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