Louis Vuitton’s “slow” road back to prestige

Fashion Dissection: Who Rocked It Best At “Louis Vuitton” Opening Event

As I noted recently, the French vendor of elite handbags, clothing, jewelry and champagne has lost some of its shine. While it is still the worlds number one luxury brand, it has given up luster to rivals like Prada and Gucci. Luster is everything in the allure of the luxury world, so LVMH Moet Hennessy Louis Vuitton (the full name-dropping moniker of the company) is http://www.tedxyse.com/louis-vuitton-outlet.html doing what it can to polish up. Its latest move: Its spending $2.56 billion to acquire 80 percent of Loro Piana, an exclusive Italian textile firm and clothier that hails from near Lake Como, a place where George Clooney hangs out. Loro Piana represents the opposite of the fast fashion trend epitomized by the likes of Zara and H&M. As BloombergBusinessweek noted , you could call it slow fashion. It deals in materials like vicuna wool, which comes from a South American llama cousin that yields the fine fibers only every two or three years – hardly the in-today out-tomorrow vision of a Zara shop. Likewise, Loro sells a $6,000 sports coat made from Myanmars lotus flowers. An LVMH executive called Lora Piana, one of the most elitist brands in the world. The weird world of luxury fashion is one of the few places where you can say something like that proudly and without blinking an eye.

Louis Vuitton Raised Most Non-Leather Handbag Prices, HSBC Says

Estimated 93c Louis Vuitton Raised Most Non-Leather Handbag Prices, HSBC Says By Andrew Roberts – 2013-03-27T11:06:40Z Louis Vuitton, which last month raised prices by an average 12 percent in Japan , has imposed similar increases on non-leather handbags in most of its main markets since the start of the year, according to HSBC. 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.

Lee Jung Jae, Lee Jung Jae, my oh my, aren’t you a sight for sore eyes. He probably had to be my pick for best dressed male for the night. Navy on navy with hints of lighter blues with patterns? And did you see this man’s shoes? The swag level on this suit is off the charts. Like Us on Facebook : Sometimes Jung Woo Sung looks smoking hot and then other times he looks like the creepy, sweaty weirdo living down the street. I mean what is going on here? FIrst off, it takes a specific kind of man to rock a white top on top of white pants and Jung Woo Sung is not that man.

Sorry Louis Vuitton, China’s No Longer Into You

Chanel has surpassed Louis Vuitton as the leading luxury brand among the Chinese fashionistas. According to theWorld Luxury Index by the Digital Luxury Group, a global luxury retail consultancy, Chanelovertook Louis Vuitton thanks to rising interest in various product segments, particularly beauty. To be fair, of course, Louis Vuitton is not licked yet. Not by a long shot. Its firmly in the No. 2 spot.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s