Friday, 18 June 2010
As investors struggle to find solid direction after economic turmoil in Europe, retail stocks have slipped 0.8 percent this week. The effect has resulted in Polo Ralph Lauren Corp pricing CEO Ralph Lauren’s offering of 9 million shares at $81 a share. Whilst J.P. Morgan, Goldman Sachs & Co., Deutsche Bank Securities and UBS Investment Bank have a further 30 days to purchase $1.4 million shares in addition of Lauren’s personal holdings, it seems regardless, the king of luxury lifestyle will be coming out with a nice raise, in addition to his control of the company.
Whilst the stilettos gain height, so too is Jimmy Choo’s expansion over the world. The luxury shoe label has announced plans to open a further four directly operated stores within Milan, France and Zurich. Tallying their store network to 110 across the globe, Jimmy Choo proves shoes really are a girls’ best friend.
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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