Wednesday, 16 June 2010
A less than ideal situation for Bulgari and LVMH’s Christian Dior this week, as both companies valuations were reduced from a ‘buy’ recommendation to ‘neutral.’
As the luxury market is being closely scrutinised for further signs of positive performance, Bank of America Merrill Lynch has warned that first half results for late July, may end up as a ‘reality check’ for LVMH investors.
Image credit: dior.com
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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