Friday, 16 April 2010

Luxury News In Brief – 16/4/10

Christian Dior’s share price increased 2.4 percent due to 1st quarter revenue rises of 11.2 percent versus last year. The fashion company said revenue rose to 4.65 billion euros in the first quarter from 4.18 billion euros a year earlier. Pretty impressive! Click here to read more at Business Week.

More good news, Burberry shares gained 2.2 percent after Deutsche Bank raised its price target and kept its "buy" rating, citing "excellent" prospects and newsflow that will "remain robust.” This followed on from our report earlier in the week that Burberry shares had fallen 4 percent. Read more about Burberry’s current status at Reuters UK.

A new book on Versace by Deborah Ball, “House Of Versace: The Untold Story Of Genius, Murder And Survival,’’ is set to be released. What an intriguing title. According to the Boston Globe she is a credible journalist from the Wall Street Journal. We are securing a copy now and will provide our feedback ASAP.

Image credit: shows the Christian Dior building in Ginza, Japan.

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,