Friday, 7 May 2010

Luxury News In Brief – 7/5/10

Salvatore Ferragamo SpA, is “totally committed” to the Italian stock market for an eventual initial public offering (IPO), their CEO, Michele Norsa, has revealed.

The Italian brand sustained big losses in 2009, but Norsa firmly believes it is important to maintain their “Italian-ness at all levels, from head to toe.”

The Ferragamo family may sell shares to the public next year, Chairman Ferruccio Ferragamo said in February. JPMorgan Chase & Co., Mediobanca SpA and UBS AG are advising on the IPO, according to Bloomberg.

Luxury Jewellery Heist in London
The fine jewellery and watch houses, including Tiffany & Co. and De Beers, at Westfield's newest shopping project at Shepherds Bush in west London were subjected to a violent raid on the 5th of May by a gang armed with sledgehammers.

Four million pounds of valuables are estimated to have been stolen in this daring raid on this already well security controlled precinct. The heist follows a series of attacks on exclusive jewellers and luxury good stores across London. So what’s next? We dread to think. Click here to read more at The Guardian.

Image credit: It shows Michele Norsa

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,