Thursday, 25 March 2010

Luxury News In Brief – 25/3/10

Reports have emerged from the Basel World Watch Fair that the luxury watch industry is not confident that rising watch sales is a true sign of recovery.

Luc Perramond, Hermes’ watch CEO, said the Swiss watch industry could still see a double dip after showing signs of recovery. He is also worried about “a possible real-estate bubble” in China. "One has to remain cool-headed," he told Reuters.

Philippe Pascale, head of LVMH watches and jewellery, is also concerned about the sector, suggesting rising orders might have more to do with retailers than consumers.

According to the Business Financial News wire – Burberry shares have been downgraded to an add from a buy.

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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,