Louis Vuitton celebrates Americana
Where ARE your clothes made, Juicy Couture? Confusing slogan says ‘manufactured in the glamorous USA’ but tags read ‘made in Vietnam’ Japan was the first to feel the pinch. On February 15 prices were upped by about 12per cent to account for the yen plummeting to a three-year low against the dollar and the euro. A spokesperson for Louis Vuitton explained to Bloomberg at the time: ‘We are an importer, so the weakening yen and rising raw material prices are part of the reason for the price increase.’ Analysts said the higher prices are unlikely to drive away its most loyal customers, who often don’t check price tags before they buy. Popular picks: Louis Vuitton is a go-to brand for the rich and famous – Jennifer Love Hewitt (left) and Hilary Duff (right) are fans of the French luxury good company A retail analyst said: ‘[Luxury] brand goods have low price sensitivity. People who buy those brands wont be so frugal as to care about another 10,000 yen.’ The New York-based website Mizhattan reported the U.S.
Daughter’s Got a Brand New Bag, and It’s Louis Vuitton
That was the final confirmation for us, says Eggs. Louis Vuitton is the flagship brand of French conglomerate LVMH , which also owns such luxury brands as Bulgari, Givenchy and Dom Perignon. According to the Sanford Bernstein sell-side research firm, Vuitton handbags generate a half of the operating income of the LVMH, and a revenue of 7.4 billion euros per year. That’s seven times more than Poles spend per year on luxury goods in total (excluding cars), according to KPMG. Nevertheless, the Polish luxury market enjoyed a 50% growth during 2000-2010, increasing much faster than the global luxury market, which is currently worth 210 billion euros. “The Polish market recorded a solid rise, but that is not the only element we take into account,” Eggs says. “Demand and potential are also important to us, and the latter is quite big in Poland. About 30% of luxury labels still arent available here.” No discounts, no sales Eggs is not keen on talking about prices, although he reveals that the cheapest thing in the Warsaw shop is a calendar refill 149 zlotys (35 euros). The lowest price for a bag is 2,100 zlotys (492 euros), while the most expensive piece from the exotic series made of python, ostrich or crocodile leather goes for more than 85,000 zlotys (19,920 euros). When I ask how many of those bags they hope to sell, he answers: 2,700 BMW cars were sold last year in Poland.
Louis Vuitton Raised Most Non-Leather Handbag Prices, HSBC Says
Shell be the No. 2 executive in a unit that accounts for half of LVMHs pretax earnings, evidence that shes being groomed for a top jobperhaps the top jobat the Paris-based luxury giant. While Vuitton is still the worlds most valuable luxury brand, its losing ground to competitors such as Gucci and Prada ( 1913 ) as demand wanes for the iconic LV monogrammed handbag. A report last month by consultancy Millward Brown Optimor estimated that Vuittons brand value declined 12 percent over the past year. LVMH in April reported its weakest fashion and leather goods revenues in more than three years as sales flattened in China. As consumers make room for those luxuries that make them feel better by trading down on other items, it is the middle-of-the-road brands, such as Vuitton, that have suffered, Millward Brown Optimor said. Delphine Arnaults task will be to give the brand a home more exclusive aura, deemphasizing its ubiquitous monogrammed canvas bags and introducing costlier leather bags. In the short term, that could depress sales growth, as LVMH also has said it plans to open fewer Vuitton boutiques. Delphine is the eldest of Bernard Arnaults five children.
Thief steals pricey Louis Vuitton bags
Thursday, June 27, 2013 | Posted: 1:55 p.m. Thursday, June 27, 2013 Louis Vuitton celebrates Americana Models are being made up before Vuitton’s Spring-Summer 2014 men’s fashion collection to be presented Thursday, June 27, 2013 in Paris. (AP Photo/Jacques Brinon) Sponsored Links The Associated Press PARIS The Louis Vuitton man moved from the eastern Himalayas of last season to the sunny West Coast of the United States for this spring-summer 2014. “This was the American road trip, just enjoying and celebrating Americana from NASA through to the traditional things such as bandanas,” said designer Kim Jones, breaking a sweat backstage Thursday at the Paris show that was held inside a scorching conservatory. The collection ranged from the road trip, as imagined in khaki parkas with travel badges and cotton printed bandanas, to a whole mix of different American styles: From sportswear, as in white, blue and red silk graph check tailored shorts, to Gatsby-style evening suits in raw kimono silk with a classy curved lower part. As ever, when traveling anywhere Vuitton-style, don’t expect to rough it. Stylish and coiffed David Beckham looked approvingly on from the front row. Silhouettes were tight and masculine. The 41 classy looks were fairly eclectic and so served up a little something for everyone.
Welcome To Poland’s First Louis Vuitton Store: “Open Your Bag Please”
The trunk maker owned by Paris-based LVMH Moet Hennessy Louis Vuitton SA (MC) lifted prices on bags such as the Speedy and NeverFull by about 10 percent in the euro region, Antoine Belge , an HSBC analyst, said today in a note to clients. Vuitton raised prices by at least 10 percent in the U.K. and U.S., and by 5 percent to 10 percent in Asian markets including China, Hong Kong, Taiwan and Singapore, the analyst wrote. The euros strength against some currencies may lead LVMH to charge more, Chairman and Chief Executive Officer Bernard Arnault said Jan. 31. Vuittons price increase in Japan, the biggest ever by the brand in the country, was taken to offset the impact of the yens slide on sales, the company said Feb. 20. In addition to protecting margins, the price increases must be seen, in our view, as a means to accelerate LVs repositioning towards more leather, Belge wrote. The decision will probably weigh on the number of items sold, though its the right thing for brand equity longer term. Vuittons 2013 sales may rise 6 percent, excluding currency moves, while volume may decline 2 percent to 3 percent, Belge wrote.
According to a report from the Dallas Police Department, the man made his way into the mall before 6 a.m. by breaking a window with a small hammer. He did the same thing to get into the Louis Vuitton store. After taking three handbags worth about $10,000, a witness saw him leaving in a white or cream, two-door Dodge car, police said. Investigators hope surveillance video will help lead them to the suspect. KDFW FOX 4