Monday, 3 May 2010

Luxury News In Brief – 3/5/10


Some sad news: Hermes’ former chief, Jean-Louis Dumas, has passed away. The 72-year-old died Saturday morning after a long illness, a company spokeswomen confirmed. Dumas was CEO at Hermès International from 1978 until his retirement in 2006. Read more at WWD.

The net income for Hugo Boss has declined 11 percent in the quarter ending March 31 to €56.3 million (AU $80.9 million). Despite this bad news, the Hugo Boss Group reasserted it will “return to growth in 2010.” Read more at WWD.

To end on a high note: Sales of Burberry’s designer fragrances helped perfume maker Inter Parfums Inc. post a 32 percent rise in first-quarter sales. A Bloomberg article reporting on this increase revealed that Lanvin and Van Cleef & Arpels perfumes were also popular.

Image courtesy of WWD.com. It shows Jean-Louis Dumas.
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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