So imagine the yelp of excitement that sprang from our lips when we heard that Louis Vuitton had created an entire zoo out of their designer arm candy. The luxury label created the special zoo to celebrate the opening of their new flagship store in the central Chinese city of Wuhan. The pop-up zoofeatures 23 animals, all of which were created using handbags and other small leather goodsbearing the brands distinctive check and LV monogram. Our favourite has to be the giant panda, which took two months and a whopping 74 bags to create. We can only imagine how intoxicating the smell of all that butter-soft leather would be if you were to cuddle up to him.
Louis Vuitton parent company LVMH fined 8 million Euros in Hermes case
Luna Rossa belongs to Prada chief executive (and husband of Miuccia), Patrizio Bertelli. Funding could run dry Team New Zealand is the only team owned by a trust. It receives finance from New Zealand companies as well as the government and if it doesnt win this year its funding is likely to dry up. In a game ruled by money, it hardly seems surprising that, according to former French skipper Bruno Trouble, it took less than three hours to convince Louis Vuitton to sponsor the challenger series back in 1983. (Trouble is now the companys ambassador Click This Link for the Americas Cup). When races kick off for the eighth regatta in San Francisco this July, it will be the 30th year the luxury conglomerate has sponsored the challenger series. Louis Vuitton, whose other involvement in sport is sponsoring a vintage car race between Monte Carlo and Venice, has reaped obvious rewards in the past 30years from naming rights and international press coverage to using the event in the 1990s to experiment with live web coverage. It has also developed a lineof products specifically for the Cup, including hats, ties, towels, shoes and bags.As the Cups official timekeeper thisyearLouis Vuitton also uses the racetointroduce consumers to new watchdesigns. As teams battle it out for the 34th Americas Cup trophy, the focus is more likely to be on the design of the boats. For the first time the regatta will feature AC72s multihulls with rigid wing sails instead of soft sails, and hydrofoils that lift the boat out of the water at speeds of up to 45 knots (known as foiling).
Louis Vuitton series sets off as America’s Cup drama begins
After much name calling, accusation throwing and general slinging of verbal mud, French regulatory board AMF condemned LVMH for ‘failing to follow market rules’, when Jessica Simpson Louis Vuitton it discretely accumulated a significant stake in Hermes stocks. Citing the “seriousness of the successive breaches of public disclosure requirements, which consisted in concealing each stage of LVMH’s stake-building in Hermes,” as the fuel behind the hefty fine, the AMF appear to be in no doubt that there’s been foul play. LVMH however, continues to disagree. Brandin both the claim and punishment to be ‘unfounded’, the conglomerate has said it will appeal against the decision, despite further cases being already lodged against it by, yep you guessed it, Hermes. Though this chapter may be settled for now, expect more drama as the cases continue to pile up! Thoughts?
Welcome To Poland’s First Louis Vuitton Store: “Open Your Bag Please”
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. Thats quite a lot considering the price of these cars is 50,000 euros. Fifty thousand euros for a car is not the same as 20,000 for a handbag, I point out. Ask women.