Friday, 23 April 2010

Luxury News In Brief – 23/4/10

Jeweller Bulgari SpA was raised to “overweight” from “equal weight” at Morgan Stanley, which increased its target price to 7.50 euros. This is an encouraging development after our news earlier in the week that “Bulgari Watch Revenue Is Down, But Australian Sales Are Strong.”

Intesa Sanpaolo SpA (who own a 5 percent stake in Prada SpA) dropped 3.5 cents, or 1.3 percent, to 2.73 euros. Read more at Bloomberg.

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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,