Thursday, 17 June 2010
Anyone interested in the fashion house of Gianfranco Ferre has until the 6th of July to put up their hand and place a firm offer, in the upcoming auction of the famous designer.
Last year, The MO Down reported of Gianfranco Ferre suffering from the global financial crisis and ultimately becoming bankrupt. Despite this tragedy for the fashion house, the Italians seemed to believe it to be quite acceptable, given the magnitude of the crisis across Europe and the US.
It was only three years ago on Tuesday that Snr Ferre passed away, with Swedish designer Lars Nilsson taking over, in a short and sharp effort that came to an abrupt holt. It’s a trial and error situation for some brands who struggle to survive after the creator passes. Some thrive and flourish, yet others tend to lay low and then spark back with a reinvention. Despite the ultimate outcome, Ferre’s legacy is sure to live on through retrospectives and ‘inspired by’ collections.
Interest in the upcoming auction is travelling in from South Korean conglomerate Samsung Group as well as close to home from the Italian private equity firm Palladio Finanziara- we shall wait and see who is victorious.
Image credit: vogue.com
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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, www.moluxury.com.au