Wednesday 9 June 2010

Versace Sees The Bright Light In 2011 - 9/6/10


Versace's future is looking a brighter colour of gold in 2011 after sluggish demand for Luxury goods pulled down its 2009 revenue to 268 million Euros from 336.3 million in 2008. Versace made an operating loss of 49.6 million Euros in 2009 compared with 400,000 Euros in 2008. Retail sales and orders increased in the first quarter of 2010, supporting that Versace’s recent restructuring efforts have paid off. On the design side, Versace has concurrently steered away from its ‘trademark glitz’ to create some designs with wider reach and appeal.

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Posted by MO at 7:10 am
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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