Friday, 21 May 2010
Although it was rumoured that PPR is hurrying along to sell company assets, CEO Francois-Henri Pinault, has restated that the company is seeking to sell a large asset gradually, in order to acquire other powerful international brands.
Despite suffering from the financial crisis, PRR plan to sell at least one retail unit within the year, with the ultimate goal of refocusing the company around its two key divisions of Gucci and Puma.
Image credit: butterboom.com
Follow MO Luxury's Facebook page for more luxury news....
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