Tuesday, 6 April 2010
The LVMH group continue to innovate… with their business model covering wholesale to mono brand retail (think: Louis Vuitton, DIOR, FENDI etc) to multi marque retail department store Le Bon Marche, then to the renovation of La Samaritaine, a former Paris department store.
LVMH acquired the La Samaritaine department store in 2001, but closed it in 2005, saying the building was a fire hazard. Now, LVMH plans to convert the 141-year-old Art Nouveau structure into a hotel. Click here to find out more.
We thought it was interesting that the La Samaritaine’s website is still online with a short message about the department store’s closure, and a free call consumer information number.
La Samaritaine image, courtesy of wikimedia
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