Wednesday, 8 September 2010

Cavalli Reports Strong First Half 8/9/10

Strong and confident prints, a touch of animal, and gold, have certainly not hindered Cavalli this year. Reporting a profit for first-half, the Roberto Cavalli group reported a net profit of €1.9m ($2.5m), compared with a loss of €3.5m ($4.6m) last year. According to executive director Gianluca Brozetti, CEO, both wholesale and retail sales grew in the first half, compensating for a drop in royalties from its Just Cavalli licensee Ittierre SpA, which has been in government-backed bankruptcy protection since February 2009. “Careful restructuring and cost control” helped to place the group back on solid ground. Looking at the second half, Brozetti remains confident given the uncertainty of the economy, and looks to special edition products and anniversary celebrations to yield further economic return.

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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,