Friday 16 July 2010

Swiss Bank To Track Luxury Stocks - 16/07/10

A group of fashion companies including Hugo Boss, Polo Ralph Lauren and Hermes International will have their stocks tracked by a Swiss private Bank, Vontobel, who is introducing structured notes. Vontobel recently reported that “luxury goods companies in Europe are expected to post sales growth of 7 percent on average this year, after slumping 6.6 percent in 2009.” The Swiss bank also confirmed that fashion companies returned about 50% last year- now that ‘is’ a fine ROI. Vontobels notes will return any gain or loss to investors across 11 stocks altogether.

Image credit: hermes.com

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Posted by MO at 6:00 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